Remco’s standalone losses drop 88% YoY in 9 months

Remco for Tourism Villages Construction (RTVC) incurred EGP 47.15 in standalone net losses during the first nine months of 2022, down by 87.88% from EGP 388.92 million during the same period of 2021, according to the financial income statement filed to the Egyptian Exchange (EGX) on January 30th.

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