Misr Hotels turns to profitability in 9 months
Updated 4/26/2022 2:53:00 PM
ArabFinance: Misr Hotels Company (MHOT) has turned to profitability during the first nine months of fiscal year (FY) 2021/2022, according to the company’s unaudited financial income statement filed to the Egyptian Exchange (EGX) on April 26th.
The company has achieved a net profit after tax of EGP 274.26 million in the nine-month period ended March 31st, versus a net loss of EGP 143.14 million in the same period of FY 2020/2021.
Misr Hotels, a subsidiary of Holding Company for Tourism and Hotels, is an Egypt-based joint stock company engaged in tourism investment activities.
