Cairo – Mubasher: The ordinary general meeting (OGM) of Misr Hotels approved the planned budget for fiscal year (FY) 2021/2022.
The company targets EGP 23.51 million in net profits and EGP 70 million in investments in the coming fiscal year, according to a bourse disclosure on Monday.
During the first nine months of FY20/21, Misr Hotels turned to net losses before taxes of EGP 143.14 million, versus net profits of EGP 142.97 million in the corresponding period a year earlier.
