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Pyramisa Hotels profits down 6.8% in Q3

Pyramisa Hotels profits down 6.8% in Q3
Pyramisa Hotels profits down 6.8% in Q3
Pyramisa
PHTV
-2.45% 151.81 -3.82

Cairo – Mubasher: Pyramisa Hotels and Resorts posted a decline of 6.8% in net profits for the third quarter of 2016.

The company reported net profits of EGP 22.6 million for Q3 – 2016, up from EGP 21.1 million for the same period of the previous year.

As for the first nine months of 2016, the company’s profits slide by 44.7% to EGP 25.1 million compared with EGP 45.4 million a year earlier.