Egyptian Resorts Company (S.A.E) reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was EGP 125.45 million compared to EGP 3.38 million a year ago. Revenue was EGP 168.23 million compared to EGP 33.36 million a year ago. Net income was EGP 75.2 million compared to EGP 12.91 million a year ago. Basic earnings per share from continuing operations was EGP 0.072 compared to EGP 0.01 a year ago.
For the nine months, sales was EGP 82.36 million compared to EGP 17.86 million a year ago. Revenue was EGP 173.42 million compared to EGP 89.26 million a year ago. Net income was EGP 23.06 million compared to net loss of EGP 64.3 million a year ago. Basic earnings per share from continuing operations was EGP 0.022 compared to basic loss per share from continuing operations of EGP 0.06 a year ago.