Pyramisa Hotels net profit falls to EGP 21M
Updated 2/10/2021 10:17:00 AM
ArabFinance: Pyramisa Hotels and Resorts (PHTV) achieved a consolidated net profit of EGP 21.06 million in 2020, compared to EGP 37.6 million in 2019, according to the company’s February 10th statement to the Egyptian Exchange.
The company’s standalone net profit reached EGP 17.08 million in the January-December period of 2020, compared to EGP 38.95 million in the same period of 2019.
On a yearly basis, the company’s consolidated net profit plummeted 89% during the first nine months of 2020, registering EGP 6.74 million.
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.
