Egyptian Resorts Company

Earnings watch: Egyptian Resorts Company

EARNINGS WATCH- Egyptian Resorts Company saw its losses decline to EGP 4.5 mn in FY2021 compared to losses of EGP 44.6 mn in 2020, according to ERC’s financial statements (pdf). Total operating revenues increased nearly 22% y-oy during 2021 to reach EGP 127.6 mn. MARKET ROUNDUP- The EGX30 rose 0.7% at today’s close on turnover…