Egyptian Resorts Company (ERC) posts consolidated net profits of EGP 66.08 mn during the first quarter of 2017, against losses worth EGP 1.42 mn in the prior-year period, Invest-Gate reports.

Consolidated revenues increased to EGP 121.3 mn in the three-month period ending on March 31, 2017 from EGP 10.3 mn in the same period of 2016.

On a standalone basis, profits grew 41% to EGP 41.31 mn in Q1-17 from EGP 29.25 mn in Q1-16. Total revenues reached EGP 119.8 in Q1-17 mn against EGP 10.4 mn in Q1-16.