Cairo – Mubasher: El Shams Pyramids for Hotels and Touristic Projects reported that its FY16 losses in the first quarter declined by 33% year-over-year to EGP1.24 million ($139,970) from EGP1.85 million ($208,830), according to a bourse filing.
In 2015, the company registered a net loss of $4.53 million compared to $5.47 million.
El Shams Pyramids reported net losses of $4.53 in 2015, according to the company’s unaudited financial results.
