Pyramisa Hotels records 83% YoY higher consolidated profits in 2024
Updated 2/25/2025 11:07:00 AM
Arab Finance: Pyramisa Hotels and Resorts achieved consolidated net profits attributable to the parent company of EGP 599.716 million in 2024, an annual leap of 82.96% from EGP 327.776 million, according to the financial results.
Earnings per share (EPS) increased to EGP 24.98 last year from EGP 17.25 in 2023, while the revenues hiked to EGP 2.027 billion from EGP 1.244 billion.
Meanwhile, the standalone net profits after tax jumped to EGP 226.291 million at the end of December 2024 from EGP 221.743 million a year earlier.
Pyramisa Hotels generated non-consolidated revenues amounting to EGP 973.491 million in 2024, higher than EGP 711.570 million in 2023. Non-consolidated EPS dropped to EGP 8.93 from EGP 11.37.
The company, along with its subsidiaries, is primarily involved in the ownership, establishment, sale, rent, and management of hotels, in addition to providing travel, entertainment, therapeutic, and sports facilities.
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