Cairo – Mubasher: The consolidated financial results of Egyptian Resorts Co reported a decline in net losses to EGP 45.485 million in 2020 from EGP 63.563 million in 2019.
The company's revenues increased to EGP 149.97 million in 2020 from EGP 68.71 million in the earlier year, according to a bourse filing on Thursday.
As for the standalone financials, the company's net losses reached EGP 66.82 million last year, down from EGP 102.928 million in 2019.
During the first nine months of 2020, the company achieved net profits of EGP 22.18 million, against net losses of EGP 15.3 million in the same period of the earlier year, considering the rights of the minority.
