Cairo – Mubasher: Misr Hotels turned to pre-tax net profits of EGP 66 million in the first quarter (Q1) of fiscal year (FY) 2021/2022, versus net losses of EGP 67.85 million in the same period a year earlier, the unaudited financial results showed. 

The revenues grew to EGP 112.18 million in the July-September period, compared to EGP 17.6 million in the corresponding period in FY20/21, the company said in a bourse disclosure on Sunday. 

During FY20/21, the company incurred net losses of EGP 183.29 million, against net profits of EGP 57.4 million a year earlier.