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Misr Hotels targets net profit of EGP 24M

Misr Hotels targets net profit of EGP 24M

ArabFinance: Misr Hotels Company targets a net profit of EGP 23.518 million in the fiscal year (FY) 2021/2022, according to the company’s statement filed to the Egyptian Exchange.

On May 30th, the ordinary general assembly approved the estimated budget of 2021/2022. The listed company allocated EGP 70.142 million for the investment budget.

Misr Hotels has intended to inaugurating Dahab Hotel and Safir Hotel during the first half (H1) of 2021.

Misr Hotels, a subsidiary of Holding Company for Tourism and Hotels, is an Egypt-based joint stock company engaged in tourism investment activities.

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04 Oct 2021
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