Pyramisa Hotels' profits drop to EGP 37M YoY, proposed dividends
Updated 2/16/2020 10:39:00 AM
ArabFinance: Pyramisa Hotels (PHTV) announced, in a statement sent to EGX, the audited financial results for the financial period starting Jan. 1, and ending Dec. 31, 2019.
The company posted consolidated net profits of EGP 37,485,146, compared to net profits of EGP 53,376,120 in the same period a year ago, taking into account the minority rights.
Moreover, it posted standalone net profits of EGP 38,958,530, compared to net profits of EGP 51,000,331in the same period last year.
The Board of Directors proposed on Feb. 13 distributing 10% of the issued and paid-up capital amounting EGP 420 million (EGP 2 per share).
