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Mena Touristic turns to loss with EGP7.4 mln in H1-14

Mena Touristic turns to loss with EGP7.4 mln in H1-14
Mena Touristic and Real Estate Investment posted EGP 7.4 million consolidated net loss for H1-14, against EGP 30.5 million net profit in H1-13.
H1 standalone financial results showed EGP 13.9 million net loss, versus EGP 24.8 million net profit in H1-13.
Consolidated financial statements for Q1-14 had reflected EGP 6.395 million net loss, versus EGP 15.813 million in the same period a year earlier.
Company's FY13 financial statements showed the company posted EGP 19, 4 million net profit against EGP 27, 2 million loss in 2012.