The board of Rowad Tourism Company has endorsed non-consolidated financial indicators for the nine-month period that ended on September 30, 2014.
These indicators showed that net profit soared by 531% to EGP 10.2 million, compared with EGP 1.6 million reported in the same period a year earlier.
Total revenues amounted to EGP 13.2 million, compared with EGP 4.3 million in the first nine months of FY13.
The company’s consolidated financial results for H1-14 had shown that net profit soared 251% to EGP 7.4 million, from EGP 2.1 million in the same period a year earlier.
Rowad had reported EGP 8.8 million standalone net profit for H1-14, with a surge by 801% compared with EGP 977 thousand net profit in the same period.
It had reported consolidated net profit of EGP 8.1 million for Q1 that ended on March 31, 2014, against EGP 1.4 million net loss logged in the same period a year earlier. Meanwhile, standalone financial statements for the same period mirrored EGP 9.1 million net profit, against EGP 602.2 thousand net loss in Q1-13. The company had suffered EGP 1.27 million net loss in FY13, against EGP 2.43 million net profit a year earlier.