Remco’s standalone losses drop 88% YoY in 9 months: Egypt

Reuters Images/Mohamed Abd El Ghany

Remco is an Egypt-based company that operates in tourism and entertainment projects development and construction

Staff Writer, Arab Finance

January 31, 2023

PHOTO

Remco for Tourism Villages Construction (RTVC) incurred EGP 47.15 in standalone net losses during the first nine months of 2022, down by 87.88% from EGP 388.92 million during the same period of 2021, according to the financial income statement filed to the Egyptian Exchange (EGX) on January 30th.

Remco is an Egypt-based company that operates in tourism and entertainment projects development and construction.

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