Misr Hotels Reports Unaudited Earnings Results for the First Nine Months Ended 31 March 2020
Misr Hotels reported unaudited earnings results for the first nine months ended 31 March 2020. For the period, the company posted a 25.4% year-on-year (YoY) decrease in its net profits during the first nine months of fiscal year 2019/2020. The company's net profits fell to EGP 142.97 million during the nine-month period ended on 31 March, compared to EGP 191.67 million in the corresponding period a year earlier. Revenues declined to EGP 288.4 million during the first nine months of FY19/20 from EGP 391.14 million in the year-ago period.