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Misr Hotels posts EGP 176M profits in FY 18/19

Misr Hotels posts EGP 176M profits in FY 18/19

ArabFinance: Misr Hotels (MHOT) announced Wednesday, in a statement sent to EGX, the financial results for the fiscal period starting July 1, 2018, and ending June 30, 2019.

The company posted net profits of EGP 176.4 million, compared to EGP 149.78 million profits achieved in the same period a year ago.

Moreover, the company decided to distribute a total of EGP 52.8 million cash dividends over the shareholders at EGP 4 per share.

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