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Misr Hotel turns a loss in Q1

Misr Hotel turns a loss in Q1
The Nile Ritz Hotel - Photo Credit: Company Website
Misr Hotels
MHOT
0.00% 117.06 0.00

Cairo – Mubasher: Misr Hotels swung from profits into losses during the first quarter of the fiscal year 2015/16, according to a bourse filing on Sunday.

The company registered EGP 2.74 million losses in the first quarter against a net profit of EGP 4.9 million for the year-ago period.

The stock quote ended Sunday higher 9.8% to EGP 20.31 per share.