Arab Finance: Misr Hotels Company (MHOT) reported a 23.91% year-on-year (YoY) increase in net profits after tax for the first half (H1) of fiscal year (FY) 2023/2024, the firm disclosed on January 30th.
The company earned EGP 430.216 million in net profits in the six-month period ended December 31st, compared to EGP 347.209 million in the corresponding period of 2022.
Moreover, the company generated revenues of EGP 577.907 million in H1 of FY 2023/2024, compared to EGP 398.832 million in the same half a FY earlier, with an annual growth of 44.9%.
Misr Hotels is an Egypt-based joint stock company engaged in tourism investment activities.