Cairo – Mubasher: Misr Hotels it targets an EGP 99.63 million in profit margin for fiscal year 2018/2019, compared to an estimated profit margin of EGP 99.552 million for the current fiscal year, the company said on Sunday. 

The Egypt-based firm is also planning to invest EGP 113.55 million in FY18/19, according to a filing to the Egyptian Exchange (EGX).

These investments include the development of Nile Ritz Carlton and Safir Dahab Hotel, Misr Hotels indicated.