Remco for Touristic Villages Construction (RTVC)

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News

16 October 2024 10:04 AM Remco’s consolidated losses surpass EGP 883m in H1-24

Cairo – Mubasher: Remco for Tourism Villages Construction shifted to consolidated net losses standing at EGP 883.29 million in the first half (H1) of 2024, compared to net profits of EGP 144.33 million in H1-23. The revenues hiked to EGP 568.28 …

Financial Results

30 September 2024 02:14 PM Remco shifts to net losses in Q1-24

Cairo – Mubasher: Remco for Tourism Villages Construction turned into consolidated net losses valued at EGP 26.44 million in the first quarter (Q1) of 2024, versus net profits of EGP 214.76 million in Q1-23. Net sales jumped to EGP 164.78 million …

Financial Results

22 May 2024 11:41 AM Remco’s consolidated losses deepen to EGP 1.8bn in 2023

Cairo – Mubasher: The consolidated net losses after tax of Remco for Tourism Villages Construction hiked to EGP 1.83 billion in 2023 from EGP 283.53 million at the end of December 2022 Revenues amounted to EGP 744.26 million last year, higher than …

Real estate

29 April 2024 04:01 PM Remco suffers higher net losses at EGP 1.5bn in 2023

Cairo – Mubasher: Remco for Tourism Villages Construction incurred non-consolidated net losses valued at EGP 1.55 billion in 2023, an annual hike from EGP 210.60 million. The loss per share enlarged to EGP 6.31 last year from EGP 0.85 in 2022, …

Real estate

4 December 2023 11:10 AM Remco’s standalone losses cross EGP 969m in 9M-23

Cairo – Mubasher: The standalone net losses after tax of Remco for Tourism Villages Construction hit EGP 969.14 million in the first nine months (9M) of 2023, an annual hike from EGP 47.14 million. Loss per share reached EGP 3.93 in …

Financial Results

21 August 2023 02:01 PM Remco shifts to EGP 144.5m consolidated profits in H1-23

Cairo – Mubasher: Remco for Tourism Villages Construction turned to consolidated net profits after tax amounting to EGP 144.42 million in the first half (H1) of 2023, including minority interest. The generated profits were against net losses …

Real estate

2 August 2023 02:56 PM Remco witnesses plunge in 2022 consolidated losses

Cairo – Mubasher: The consolidated net losses of after tax of Remco for Tourism Villages Construction dropped to EGP 235.53 million in 2022 from EGP 455.31 million in 2021, including non-controlling interest. Revenues hit EGP 225.34 million last …

Financial Results

26 July 2023 10:16 AM Remco’s Q1-23 standalone losses shrink to EGP 16m

Cairo – Mubasher: Remco for Tourism Villages Construction incurred standalone net losses after tax amounting to EGP 15.90 million in the first quarter (Q1) of 2023, compared to EGP 51.16 million in Q1-22. Non-consolidated loss per share hit EGP …

Financial Results

2 March 2023 03:01 PM Remco incurs EGP 118m consolidated losses in 9M-22; turns profitable in Q3-22

Cairo – Mubasher: Remco for Tourism Villages Construction suffered consolidated net losses after tax worth EGP 117.70 million in the first nine months (9M) of 2022, versus EGP 334.48 million in 9M-21, including minority interest. The loss per …

Financial Results

19 February 2023 04:55 PM Remco’s EGM nods to EGP 700m sale deal

Cairo – Mubasher: The shareholders of Remco for Tourism Villages Construction agreed to sell the Stella Hotel in Sharm El-Sheikh at a total value of EGP 700 million, according to a bourse disclosure. National Company for Hotels and Touristic …

Companies Investments

30 January 2023 05:40 PM Remco posts lower standalone losses at EGP 47m in 9M-22

Cairo – Mubasher: The standalone net losses of Remco for Tourism Villages Construction shrank to EGP 47.14 million in the first nine months (9M) of 2022, versus EGP 388.91 million in 9M-21. The non-consolidated loss per share stood at EGP 0.19 in …

Financial Results

24 October 2022 10:37 AM Remco’s unit receives offer to sell hotel for EGP 700m

Cairo – Mubasher: Remco for Tourism Villages Construction said its 99.99% owned subsidiary, Scandinavian Investments & Tourism Development, has received an offer to sell Stella Di Mare Beach Hotel and Spa. The TOLIP Hotels & Resorts offered to buy …

Board of Directors

14 September 2022 00:54 AM Remco witnesses lower consolidated losses at EGP 188m in H1-22

Cairo – Mubasher: The consolidated losses after tax of Remco for Tourism Villages Construction plummeted to EGP 187.79 million in the first half (H1) of 2022, versus EGP 265.77 million in H1-21. The loss per share reached EGP 0.76 in the first six …

Financial Results

30 August 2022 01:53 PM Remco’s standalone losses shrink to EGP 80m in H1-22

Cairo – Mubasher: Remco for Tourism Villages Construction incurred standalone net losses after tax of EGP 80.29 million during the first half (H1) of 2022, lower than EGP 324.61 million in H1-21. The loss per share plummeted to EGP 0.33 in the …

Financial Results

31 May 2022 03:59 PM Remco’s consolidated losses down in Q1-22

Cairo – Mubasher: Remco for Tourism Villages Construction reported consolidated losses of EGP 60.58 million during the first quarter (Q1) of 2022, lower than EGP 463.61 million in Q1-21. The loss per share declined to EGP 0.25 in Q1-22 from EGP …

Financial Results

8 May 2022 01:19 PM Remco reports lower losses in Q1-22 results

Cairo – Mubasher: The standalone net losses of Remco for Tourism Villages Construction plummeted to EGP 51.16 million during the first quarter (Q1) of 2022 from EGP 272.59 million in Q1-21. During the January-March 2022 period, the earnings per …

Real estate

6 April 2022 00:31 PM Remco sees 3% higher losses in 2021

Cairo – Mubasher: The consolidated net losses of Remco for Tourism Villages Construction rose by 2.6% year-on-year (YoY) to EGP 455.31  million in 2021 from EGP 443.39 million in 2020, including minority shareholders' rights. The company's …

Financial Results

27 September 2021 01:23 PM Remco reveals latest updates on projects in Sokhna, New Administrative Capital

Cairo – Mubasher: Remco for Tourism Villages Construction revealed the latest updates on Stella Di Mare II in Ain Sokhna and Stella Park in the New Administrative Capital.   Starting from 2015, the company has adopted a new strategy in real estate …

Real estate

31 August 2021 04:04 PM Remco's consolidated loss narrows 22% in H1-21

Cairo – Mubasher: The consolidated net losses of Remco for Tourism Villages Construction shrank by 22.36% year-on-year (YoY) to EGP 265.78 million in the first half (H1) of 2021, compared to EGP 342.33 million, including minority shareholders' …

Financial Results

16 August 2021 05:52 PM Remco's loss swells to EGP 325m in H1-21

Cairo – Mubasher: The standalone net losses of Remco for Tourism Villages Construction widened by 166.2% year-on-year (YoY) to EGP 324.61 million in the first half (H1) of 2021, compared to EGP 121.9 million.  The hotel business generated an …

Financial Results

4 August 2021 00:16 PM Remco receives EGP 350m acquisition offer for Empain Tourism Investments

Cairo - Mubasher: Remco for Tourism Villages Construction has received an offer from a group of Egyptian investors to acquire Remco for Real Estate Construction's entire stake of 99.98% in Empain Tourism Investments Company. The offer includes the …

Mergers and Acquisitions

27 July 2021 00:26 PM Remco approves FV study for Empain's stock

Cairo - Mubasher: The board of directors of Remco for Tourism Villages Construction approved the fair value (FV) study prepared by Alpha Capital Financial Advisory for Financial Securities for the stock of Empain Tourism Investments Company. Remco …

Stock Evaluations

8 July 2021 01:55 PM Remco hires financial advisor to assess value of Empain Tourism Investments

Cairo - Mubasher: The board of directors of Remco for Tourism Villages Construction decided to hire Dar El Khebra for Evaluation and Engineering Consulting to assess the value of Empain Tourism Investments Company.  The company plans to sell its …

Corporate Actions

6 July 2021 01:14 PM Remco for Tourism Villages considers Empain Tourism Investments stake sale

Cairo - Mubasher: The board of directors of Remco for Tourism Villages Construction approved a decision to study a letter of intent submitted by a group of Egyptian investors to acquire Remco for Real Estate Construction's entire stake of 99.98% …

Mergers and Acquisitions

11 March 2021 00:18 PM Remco's EGM approves Technolease's offer to acquire Orient Tours

Cairo – Mubasher: The extraordinary general meeting (EGM) of Remco for Tourism Villages Construction has approved the offer made by an expertise house company, Technolease Leasing Company, to acquire Remco for Real Estate …

Mergers and Acquisitions