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Misr Hotels turns to profitability in 3 months

Misr Hotels turns to profitability in 3 months

ArabFinance: Misr Hotels Company (MHOT) has turned to profitability during the first three months of fiscal year (FY) 2021/2021, according to the company’s financial indicators filed to the Egyptian Exchange (EGX).

The company achieved a net profit before tax of EGP 66 million in the July-September period of FY 2021/2022, versus a net loss of EGP 67.85 million in the year-ago period.

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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