Misr Hotels approves estimated budget for FY 2023/24

Updated 4/13/2023 12:21:00 PM
Misr Hotels approves estimated budget for FY 2023/24

Arab Finance: Misr Hotels’ (MHOT) board has approved the estimated budget for the fiscal year (FY) 2023/2024 with expected net profits after tax of EGP 546.84 million, according to a filing on April 13th.

Moreover, the firm is targeting revenues of EGP 1.01 billion in FY 2023/2024.

It is worth mentioning that the company reported a 129.7% year-on-year (YoY) hike in net profit for the first half (H1) FY 2022/2023.

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

 

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