Cairo – Mubasher: Misr Hotels turned to net losses of EGP 183.29 million in fiscal year (FY) 2020/2021, against net profits of EGP 57.4 million a year earlier. 

The company's sales slid to EGP 63.04 million in the year ended 30 June from EGP 267.57 million in FY19/20, according to a bourse disclosure on Wednesday. 

During the first nine months of FY20/21, Misr Hotels incurred net losses before taxes of EGP 143.14 million, versus net profits of EGP 142.97 million in the corresponding period a year earlier.