Rowad Tourism incurs losses in 9 months (06 December 2022)
Rowad Tourism (Al Rowad) (ROTO) turned to losses during the first nine months of 2022, according to the consolidated financial statement filed to the Egyptian Exchange (EGX) on December 6th. The company incurred a consolidated loss attributable to the parent company of EGP 27.19 million in the nine-month period ended September 30th, versus a profit of EGP 12.45 million during the same period a year earlier. As per the standalone financial statement, Rowad suffered a net loss after tax of EGP 18.38 million in the January-September period of 2022, versus a net profit of EGP 18.32 million in the year-ago period. Rowad is an Egypt-based public shareholding company that operates in the tourism industry.