Al Rowad’s consolidated losses shrink 88% YoY in 9 months (28 November 2023) Rowad Tourism (Al Rowad) posted an 87.7% year-on-year (YoY) drop in its consolidated net losses after tax and non-controlling interest in the first nine months of 2023 to EGP 3.344 million from EGP 27.192 million, according to the company’s financial statement on November 28th. It recorded total revenues of EGP 40.627 million over the nine-month period, compared to revenue losses of EGP 4.434 million during the same period a year ago. The firm reported previously a 76% YoY decrease in its standalone net losses after tax the first nine months of 2023. Al Rowad is an Egypt-based public shareholding company that operates in the tourism industry.