Cairo – Mubasher: The unaudited financial results of Misr Hotels showed a turn to net losses of EGP 67.85 million in the first quarter (Q1) of fiscal year 2020/2021, versus net profits of EGP 61.66 million in the year-ago period.
The company generated EGP 17.6 million in revenue during the July-September period, down from EGP 109.35 million in the corresponding period a year earlier, according to a bourse disclosure on Tuesday.
During FY19/20, Misr Hotels posted net profits of EGP 57.4 million, compared to EGP 176.39 million in FY18/19.
