Misr Hotels profits jump 68.5% YoY in 9 months

Updated 5/14/2024 2:47:00 PM
Misr Hotels profits jump 68.5% YoY in 9 months

Arab Finance: Misr Hotels Company (MHOT) reported a 68.5% year-on-year (YoY) increase in net profits after tax for the first nine months of fiscal year (FY) 2023/2024, the firm disclosed on May 15th.

The company earned EGP 1.109 billion in the nine months to March 31st, compared to EGP 658.447 in the corresponding period last FY.

Meanwhile, sales soared to EGP 1.004 billion from EGP 688.776 million.

Misr Hotels is an Egypt-based joint stock company engaged in tourism investment activities.

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