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Misr Hotels turns to profitability in 9 months

Misr Hotels turns to profitability in 9 months

ArabFinanceMisr Hotels Company (MHOT) has turned to profitability during the first nine months of fiscal year (FY) 2021/2022, according to the company’s unaudited financial income statement filed to the Egyptian Exchange (EGX) on April 26th.

The company has achieved a net profit after tax of EGP 274.26 million in the nine-month period ended March 31st, versus a net loss of EGP 143.14 million in the same period of FY 2020/2021.

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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