Remco’s consolidated losses hike 554.6% YoY in 2023

Reuters/REUTERS

Net losses came in at EGP 1.833 billion last year, up from EGP 280.006 million the year before

Staff Writer, Arab Finance

May 21, 2024

PHOTO

Remco for Tourism Villages Construction’s (RTVC) consolidated net losses after tax and non-controlling interest soared 554.6% year on year (YoY) in 2023, as per a statement on May 21st.

Net losses came in at EGP 1.833 billion last year, up from EGP 280.006 million the year before.

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

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