Egypt .. The Egyptian resorts shares rise to the highest level in 212 months

The share of the Egyptian Egyptian Resorts Company (Egyptian for tourist resorts), listed on the Egyptian Stock Exchange by 8.32% in the middle of trading today, Tuesday, to trade at the price of 8.20 pounds per share, to achieve the highest level of the share in 212 months.

The trading on the Egyptian arrow of tourist resorts at that time came through 1.33 million shares with a value of trading 10.95 million pounds.

The highest price for the share at that time was at 8.57 pounds, while the lowest price was at 7.86 pounds, to touch the highest price in 17 years, 8 months and 21 days.

The collected financial statements of the Egyptian Tourist Resorts Company showed a positive shift in the results of its business during the year 2024, as it moved from the registration of losses to annual profits, compared to the previous year.

According to the declared data, the company recorded a net profit of 351.06 million pounds during the year 2024, compared to losses of 112.57 million pounds in 2023, after calculating the rights of the minority.

This transformation is supported by a strong growth in revenue, which increased to 1.24 billion pounds during the past year, compared to 469.32 million pounds in 2023, which reflects an improvement in operational performance.

At the level of unacceptable (independent) lists, the company recorded losses during the past year of 422.1 million pounds, compared to profits of about 7.36 million pounds achieved in 2023, indicating the impact of some non -operational items on the results of the independent entity.