Pyramisa Hotels’ consolidated net profits see 849.13% YoY leap in H1
Updated 8/9/2023 9:42:00 AM
Arab Finance: Pyramisa Hotels and Resorts (PHTV) has reported a 849.13% year-on-year climb in consolidated net profits after tax in the first half (H1) of 2023, hitting EGP 107.817 million, compared to EGP 11.359 million, according to the financial statement filed to the Egyptian Exchange (EGX) on August 9th.
The company has generated consolidated operating revenue of EGP 482.195 million in H1 2023, up from EGP 180.841 million in H1 2022.
At the level of standalone financial results, the company’s standalone net profit after tax jumped to EGP 110.478 million in the six-month period ended June 30th from EGP 9.225 million in the same period last year.
Pyramisa Hotels is engaged in tourism and hotel development and investment. The company, along with its subsidiaries, is primarily involved in the ownership, establishment, sale, rent, and management of hotels, in addition to providing travel, entertainment, therapeutic, and sports facilities.
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