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.