Mena Touristic Investment turned to profit in the first quarter of 2015, as its consolidated net profits reached EGP 36.6 million against EGP 6.4 million in losses for the same period of 2014.
The company posted unconsolidated net profits of EGP 36.5 million in Q1/15, against EGP 9.9 million in unconsolidated net losses for the same period of 2014.
The touristic company suffered EGP 11.8 million in losses in 2014, against EGP 13.9 million in profits in the previous year.
Mena Touristic is capitalised at EGP 150 million, distributed cross 75 million shares at EGP 2 par value each.
