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Thndr Claps » EGY Claps » Earnings 📈 » Misr Hotels see huge increase in revenues 🤑

Misr Hotels see huge increase in revenues 🤑

by Omar El Shorafa
August 1, 2022
Misr Hotels, Earnings, profit, egx, claps

The Clap
Misr Hotels records huge increase in earnings to go from red to green.

The Deets
In the 2021/2022 financial year, Misr Hotels (MHOT) started making profit, earning EGP 344.7 million compared to a loss of EGP 115.6 million the year before.

Revenues jumped up by 734.6% increasing from EGP 63 million in 2020/2021 to EGP 525.8 million in 2021/2022. 

Misr Hotels reported that the jump in revenues and income was due to an unprecedented amount of revenue from the Nile Ritz Carlton, with their occupancy rates reaching pre-pandemic levels.

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