Cairo – Mubasher: The modified unaudited financial results of Misr Hotels showed net profits of EGP 57.4 million in fiscal year 2019/2020, down by 67.5% year-on-year (YoY) from EGP 176.39 million.
Sales plummeted to EGP 267.57 million in the year ended 30 June, compared to EGP 496.5 million in FY18/19, according to a bourse disclosure on Monday.
During the first nine months of FY19/20, the company achieved net profits of EGP 142.97 million, down from EGP 191.67 million in the corresponding period a year earlier.
