22 May 2014    

ERC Discloses to EGX Q1 2014 Results Egyptian Resorts Company (EGX: EGTS.CA), Egypt’s leading master developer of mega communities, announced today its consolidated results for the first quarter of 2014, reporting revenues of EGP 8.1 million, an 47.3% increase from revenues of EGP 5.5 million in 1Q13. The company reported a net loss of EGP 12.2 million in the quarter, compared to EGP 12 million in the same period of last year. The company’s balance sheet remained liquid at the close of the first quarter, with cash of EGP 99 million.