Group generated more savings in finance costs in 1Q 2020, with interest costs decreasing 33.1% to EGP 79.6m
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We expect demand in second homes segment to suffer most due to global health pandemic, says Elsaadany
ODE said the gradual reopening plans will ensure all hotels in El Gouna will be open for business by 21 May, with its Taba Heights Hotels to also reopen on 21 May.
Company achieves EGP 6.9bn net sales
“ODE will continue to execute its plans and will continue to deliver more value to all our shareholders,” added Zaghloul.
Dividends distribution not expected in 2019, but could be possible in 2020
According to the statement, the sale will result in cash proceeds of $2m which will be directed to finance the group’s expansion plans.