Rowad Tourism’s standalone losses shrink 98% in Q1 (24 July 2023) Rowad Tourism’s (Al Rowad) standalone net losses after tax dropped 97.5% year on year (YoY) in the first quarter (Q) of 2023 to EGP 670,129, versus EGP 26.460 million, as per a disclosure on July 24th. The company recorded revenues of EGP 1.160 million in the three-month period, compared to losses of 23.978 million over the same period of last year. Al Rowad is an Egypt-based public shareholding company that operates in the tourism industry.