Cairo-Mubasher: The Holding Company For Tourism, Hotels & Cinema (HOTAC) targets investments worth EGP 731 million in the fiscal year 2015/2016, said Chairman Mervat Hataba.
She added that the implemented investments reached EGP 402 million in 2014/2015, compared with EGP 473 million a year earlier.
The ordinary general meeting endorsed financial statements for 2014/2015 and approved Minister of Investment’s request to amend the proposed cash dividends.
Total operating revenues from the company’s nine subsidiaries reached EGP 1.3 billion in 2014/2015, compared with EGP 868 million a year ago.
The subsidiaries posted combined net earnings of EGP 59 million, against losses of EGP 313 million in 2013/2014.
