Misr Hotels swings to loss

The company distributed cash dividends


ArabFinance:Misr Hotels Company incurred a net loss before tax of EGP 106,465,730 in the second half of 2020, according to the company unaudited financial results filed to the Egyptian Exchange.

In the July-December period of 2019, the company posted EGP 117,059,970.

The company distributed cash dividends of EGP 0.350 per share for the fiscal year 2019/2020 on November 26th.

Misr Hotels, a subsidiary of Holding Company for Tourism and Hotels, is an Egypt-based joint stock company engaged in tourism investment activities.

The company focuses on hotel and tourism activities, including construction, purchase, and sale of hotels, resorts, casinos, restaurants, strips, and other tourist facilities.

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