Egyptian Resorts suffers Q1 loss
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Egyptian Resorts suffers Q1 loss

Egyptian Resorts suffers Q1 loss

Egyptian Resorts has posted a net loss of EGP2.9m ($517,600) in the first quarter of 2010 after failing to sell any land, its main source of income, Reuters has reported. Analysts said the company could swing back to profitability thanks to new management and a partnership to develop land with Orascom Development Holding (ODH).

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    AMEinfo staff members report business news and views from across the Middle East and North Africa region, and analyse global events impacting the region today.

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