Pyramisa Hotels turns to profitability in H1
Updated 8/14/2022 11:56:00 AM
Arab Finance: Pyramisa Hotels and Resorts (PHTV) turned to profitability during the first six months of 2022, recording a consolidated profit attributable to the parent company of EGP 11.36 million, according to financial statements filed to the Egyptian Exchange (EGX) on August 14th.
The company’s operating revenue surged to EGP 180.842 million in the January-June period from EGP 52.529 million in the year-before period.
As for standalone financials, Pyramisa registered a net profit after tax of EGP 9.225 million in the six-month period ended June 30th, up from EGP 3.825 million in the same period a year earlier.
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.
