Cairo – Mubasher: The financial indicators of Misr Hotels have shown a 57.6% year-on-year surge in profits for the fiscal year 2017/2018 due to higher sales.

The company logged EGP 149.8 million in profits during the July-June period of FY17/18, versus EGP 95 million a year earlier, Misr Hotels said in a filing to the Egyptian Exchange (EGX) on Thursday.

Revenues increased to EGP 462 million in FY17/18, from EGP 201.7 million in the prior fiscal year.

The financial indicators of Misr Hotels previously showed a 28% year-on-year surge in profits for the nine months ended March, recording a net profit of EGP 161.7 from EGP 126 million.