El Wadi switches to losses in Q1 2026
· Egyptian market news · ARAB
El Wadi for International and Investment Development (ELWA) shifted to losses in the first quarter (Q1) of 2026, incurring a net loss after tax of EGP 1.339 million, according to the firm’s financial statement sent to the Egyptian Exchange (EGX).
In Q1 2025, the company achieved net profits of EGP 76.413 million.
El Wadi is an Egypt-based company engaged in the tourism investment sector. The company focuses on the establishment and operation of hotels, motels, hotel apartments, gymnasiums, and sauna facilities.
Original source: www.arabfinance.com