Pyramisa Hotels’ consolidated profit surges 144.7% YoY in 9 months
Updated 11/3/2022 11:01:00 AM
Arab Finance: Pyramisa Hotels and Resorts (PHTV) posted a 114.66% year-on-year (YoY) hike in consolidated profit attributable to the parent company during the first nine months of 2022, according to financial statements filed to the Egyptian Exchange (EGX) on November 3rd.
The company’s consolidated profit excluding minority interest surged to EGP 63.77 million in the nine-month period ended September 30th from EGP 29.71 million in the same period a year earlier.
Operating revenue soared to EGP 360.422 million in the January-September period of 2022 from EGP 162.657 million in the year-ago period.
Furthermore, standalone net profit after tax jumped to EGP 42.385 million during the period from January 1st to September 30th from EGP 19.968 million in the same period last year.
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.
