Cairo – The standalone net losses of Remco for Tourism Villages Construction shrank to EGP 47.14 million in the first nine months (9M) of 2022, versus EGP 388.91 million in 9M-21.

The non-consolidated loss per share stood at EGP 0.19 in the January-September 2022 period, compared to EGP 1.58 in the year-ago period, according to the income statements.

In the third quarter (Q3) of 2022, the company turned profitable at EGP 33.14 million, against net losses of EGP 52.79 million in Q3-21.

Earnings per share (EPS) reached EGP 0.14 in Q3-22, versus a loss per share of EGP 0.21 in July-September 2021.

In the first half (H1) of 2022, the EGX-listed firm registered standalone net losses after tax worth EGP 80.29 million, an annual plunge from EGP 324.61 million.

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