Pyramisa Hotels’ consolidated profits triple in 2021

Updated 2/20/2022 1:38:00 PM

ArabFinancePyramisa Hotels and Resorts’ (PHTV) consolidated profits excluding minority interest grew threefold to EGP 60.827 million in 2021, from EGP 21.060 million in 2020, according to consolidated financial statements filed to the Egyptian Exchange (EGX) on Sunday. 

The company’s operating revenue soared to EGP 275.499 million in the full year ended December 31st 2021, from EGP 69.357 million the year before.

Moreover, Pyramisa’s standalone profits after taxes surged to EGP 41.976 million in 2021, from EGP 17.085 million in 2020, as standalone financial results showed.

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.