Misr Hotels turns profitable in FY 2021/2022
Updated 8/1/2022 12:13:34 PM
Arab Finance: Misr Hotels Company (MHOT) has turned to profitability during fiscal year (FY) 2021/2022, according to the company’s unaudited financial income statement filed to the Egyptian Exchange (EGX) on August 1st.
The company has achieved a net profit after tax of EGP 350.608 million in the 12-month period ended June 30th, versus a net loss of EGP 183.29 million in FY 2020/2021.
Moreover, the company has generated revenues of EGP 525.84 million in the FY 2021/2021, surging from EGP 63.039 million in FY 2020/2021.
Misr Hotels is an Egypt-based joint stock company engaged in tourism investment activities.
