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Egyptian Resorts Company S.A.E (Egypt)

Main Activities: Lessors of Real Estate | Hotels (except Casino Hotels) and Motels
Full name: Egyptian Resorts Company S.A.E Profile Updated: July 31, 2022
Buy our report for this company USD 29.95 Most recent financial data: 2021 Available in: English Download a sample report

Egyptian Resorts Company (ERC) operates in the tourism and hospitality sectors. It was established in 1996 with the objective to develop land and utilities for all tourism related activities in Sahl Hasheesh area in the Red Sea province, for which it holds exclusive development rights for 32 million square meters of land. Sahl Hasheesh project, located 18 kilometres south of Hurghada International Airport, implies the development of 30 five star hotel apartments comprising of 200 rooms, restaurants, cafeterias, health clubs, swimming pools, tennis, squash and golf courses, entertainment and meeting halls, night clubs, children playgrounds, a medical unit, as well as marine sports and entertainment activities centre. ERC was listed on the Cairo and Alexandria Stock Exchanges in 1999.

Legal Address
4a Aziz Abaza St,Zamalek
Cairo; Greater Cairo;

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Website: http://www.erc-egypt.com

Basic Information
Total Employees:
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Outstanding Shares:
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Registered Capital:
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Financial Auditors:
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Ratings:
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Incorporation Date:
1996
Key Executives
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Director / Member of the Management Board
Ownership Details
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8.15%
Subsidiaries
Sahl Hasheesh for Touristic Development
54.68%
Company Performance
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Key Financial Highlights
Annual growth percentages for latest two years in local currency EGP. Absolute financial data is included in the purchased report.
Net sales revenue
58.84%
Total operating revenue
55.37%
Operating profit (EBIT)
35.87%
EBITDA
38.93%
Net Profit (Loss) for the Period
-587.77%
Total assets
0.39%
Total equity
-11.28%
Operating Profit Margin (ROS)
50.48%
Net Profit Margin
-128.31%
Return on Equity (ROE)
-12.27%
Quick Ratio
0.13%
Cash Ratio
-0%

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