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Pyramisa Hotels profits plunge 90% in H1

Pyramisa Hotels profits plunge 90% in H1
Pyramisa Hotels and Resorts
Pyramisa
PHTV
-0.20% 169.01 -0.34

Cairo – Mubasher: Pyramisa Hotels and Resorts posted a decline of 90% in net profits for the first half of 2016.

The company saw net profits of EGP 2.5 million for H1-2016, down from EGP 24.3 million for the same period of the previous year.

Pyramisa Hotels reported a decline of 94.98% in net profits for Q1-2016.