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Misr Hotels sees EGP 149M profits

Misr Hotels sees EGP 149M profits

ArabFinance: Misr Hotels (MHOT) targets achieving a net profit of EGP 149.113 million for the Fiscal Year (FY) 2020/2021 compared to EGP 223.962 million in the current year, according to a company statement.

The company announced the amended budget for FY2020/2021, targeting a 33% year on year profit decline from the FY 2019/2020.

However, the company achieved the actual net profits of EGP 70.056 million in FY2019/2020. 

MHOT was established since 1955 and listed in 1994. It operates in the market dealing with multiple activities such as selling & purchasing Hotels, resorts, casinos, restaurants, beaches...etc. 

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04 Oct 2021
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