Americana Egypt Q1 loss shrinks

Egyptian International Tourism Projects (Americana Egypt) (EITP) reported a 42% Year on Year decrease in its consolidated net loss in Quarter one (Q1) of 2020, according to the company's June 15th financial statements filed to the Egyptian Exchange.

Consolidated net loss stood at EGP 41,188,462 in Q1 2020, compared to EGP 72,090,242 incurred in Q1 2019.

Standalone net loss reached EGP 28,019,834 in Q1 2020, compared to EGP 50,451,665 incurred Q1 2019.

The company distributed cash dividend of EGP 0.057797775 per share on May 14^th to shareholders recorded on May 11^th.

Americana Egypt, a member of Americana Group (Kuwait), is an Egypt-based shareholding company primarily engaged, together with its subsidiaries, in providing ready-made meals and refreshments within the fast-food sector.

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