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Misr Hotels amends FY2020/2021 budget

Misr Hotels amends FY2020/2021 budget

ArabFinance:  Misr Hotels Company (MHOT) has amended its budget for the fiscal year (FY) 2020/2021, according to a July 22nd disclosure filed to the Egyptian Exchange.

It targeted net profit of EGP 87.28 million in FY 2020/2021, compared to EGP 70.05 million expected profit for FY2019/2020. 

Meanwhile, the targeted revenues are amounting to EGP 296.3 million, a 6% increase from the expected revenues for FY 2019/2020.

Misr Hotels, a subsidiary of Holding Company for Tourism and Hotels, is an Egypt-based joint stock company engaged in tourism investment activities. The company focuses on hotel and tourism activities, including construction, purchase, and sale of hotels, resorts, casinos, restaurants, strips, and other tourist facilities.

 
 

 

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