Misr Hotels records 77.6% YoY profit surge in H1 FY2024/25

Updated 1/30/2025 9:18:00 AM
Misr Hotels records 77.6% YoY profit surge in H1 FY2024/25

Arab Finance: Misr Hotels Company (MHOT) reported a 77.6% year-on-year (YoY) increase in net profits after tax for the first half (H1) of fiscal year (FY) 2024/2025, the firm disclosed.

The company earned EGP 763.935 million in net profits in the six-month period ended December 31st, compared to EGP 430.216 million in the corresponding period of 2023.

Moreover, the company generated revenues of EGP 935.211 million in H1 of FY 2024/2025, compared to EGP 577.907 million in the same half a FY earlier, with an annual growth of 61.8%.

Misr Hotels is an Egypt-based joint stock company engaged in tourism investment activities.

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