Cairo – Mubasher: Misr Hotels Company’s financial indicators showed turning to profits in the first half of FY15/16.
The company said H1 net profit after tax reached EGP84.2 million ($10.8 million), against a net loss of EGP14.46 million ($1.9 million) for the same period in 2014.
Moreover, the indicators pointed out that the company’s six-month revenue increased to EGP105.4 million, from EGP828,560 a year earlier.
Meanwhile, financial indictors for the first quarter of 2015/2016 revealed EGP5 million net profit, against EGP7 million net loss the year before.
