Cairo – Mubasher: The Holding Company for Tourism and Hotels (HOTAC) has recorded a 16.5% year-on-year growth in consolidated profits during the fiscal year 2018/2019, the company’s chairman Mervat Hataba stated on Wednesday.
The state-owned company’s consolidated profit reached EGP 987 million ($62.22 million) in FY18/19, Hataba revealed.
The top official said that consolidated revenue went up by 26% YoY to EGP 4 billion in FY18/19, adding that standalone profit rose by 23% YoY to EGP 191.7 million.
Moreover, standalone revenue soared 43.2% to EGP 334 million in FY18/19, compared to the year-ago period, Hataba noted.
Source: Mubasher
All Rights Reserved - Mubasher Info © 2005 - 2019 Provided by SyndiGate Media Inc. (Syndigate.info).
Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.
