ArabFinance: Misr Hotels Company (MHOT) has turned to profitability during the first half of fiscal year (FY) 2021/2022, according to the companys financial indicators filed to the Egyptian Exchange (EGX).
The company achieved a net profit before tax of EGP 151.13 million in the July-December period of FY 2021/2022, versus a net loss of EGP 106.46 million in the year-ago period.
Misr Hotels, a subsidiary of Holding Company for Tourism and Hotels, is an Egypt-based joint stock company engaged in tourism investment activities.
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