Misr Hotels Co. seeks to record EGP 61.3 million in profits in the fiscal year 2015/16.

Meanwhile, the company has allocated an amount of EGP 108.1 million in investments in FY15/16, it said in a bourse statement.

Also, the company targets revenues of EGP 96.75 million in FY15/16, according to its estimated budget figures.

The firm suffered EGP 22.2 million in losses for the nine-month period ended March 2015, a decline by 13% from the same period of the previous year.