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Egyptian Resorts Company to build solar stationThe Egyptian Resorts Company (ERC) has signed a 27-year contract with KarmSolar company to build a solar station in Hurghada region at an investment of $2.5 million, said a report. The 2MW solar station will be constructed on 50,0 More… |
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Egyptian Resorts swings to Q1 profitReal estate firm Egyptian Resorts posted first-quarter net profit of EGP3.8 million ($639,500) on higher revenues, the firm said on Thursday. The company, which makes most of its money selling land to developers, reported a net loss of 1.9 More… |
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Egyptian Resorts says land sale deal cancelledReal estate firm Egyptian Resorts said the tourism development authority had retracted its approval for selling a land plot allocated for the firm's Sahl Hasheesh resort on the Red Sea. Egyptian Resorts said it would send a complaint to th More… |
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Egyptian Resorts net tumbles 96pcReal estate and tourism company Egyptian Resorts reported net profit for the first nine months of 2009 of 10.1 million Egyptian pounds ($1.9 million), down 96 percent on a year before, the bourse said. One analyst had forecast net p More… |
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Egypt firm sells shares after low land salesEgyptian tourism company and landowner Egyptian Resorts is reselling 25 million treasury shares to boost profits after low land sales so far this year, the company said on Thursday. The period for selling the shares is October 7 to Novembe More… |
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Egypt firm sells shares after low land salesEgyptian tourism company and landowner Egyptian Resorts is reselling 25 million treasury shares to boost profits after low land sales so far this year, the company said on Thursday. The period for selling the shares is October 7 to Novembe More… |
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Egyptian Resorts H1 net plunges 31pcEgyptian Resorts Company said on Sunday its net profit in the first half of 2008 dropped 31.2 per cent to 141.85 million Egyptian pounds ($26.6 million). Abu Bakr Makhlouf, the company’s investor relations director, told Reuters the More… |
Egyptian Resorts share sale put offThe Egyptian government indefinitely delayed an auction for its 24 percent stake in Egyptian Resorts that had been scheduled for Tuesday, an official said. The official at state-owned National Bank of Egypt, who declined to give his name, More… |
