Cairo – Mubasher: Trans Oceans Tours turned into losses in the first quarter of 2016 according to a bourse filing.
The company logged EGP 83,290 ($9,400) losses against a net profit of EGP 78,800 ($8,890) for the year ago quarter.
In 2015, the company earned EGP 3.19 million, compared to EGP 934,000 in 2014.
The ordinary general meeting approved to withhold dividend payout for the fiscal year 2015.
