Misr Hotels Q2 profits rises on FX gains

Cairo - Mubasher: Misr Hotels reported FX gains of EGP 76.75 million after the pound flotation, according to a bourse filing.

The company’s financial statements showed an increase in profits by 22.3% to EGP 96.988 million in the second quarter of fiscal year 2016-2017.

Profits also grew 11.9% in the first half of FY2016-2017 to EGP 94.24 million compared to EGP 84.2 million in the same period the year before.

Mubasher Contribution Time: 14-Feb-2017 15:04 (GMT)
Mubasher Last Update Time: 14-Feb-2017 15:04 (GMT)