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Rowad Tourism Q2 loss narrows YOY

Rowad Tourism Co. said its second-quarter normalized net income was 438,740 pounds, compared with a loss of 1.1 million pounds in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

Reported net income came to a loss of 731,540 pounds, compared with a loss of 1.7 million pounds in the year-earlier period.

As of Aug. 19, US$1 was equivalent to 8.88 Egyptian pounds.