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Egyptian International Tourism Q3 profit climbs 21.0% YOY

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Egyptian International Tourism Q3 profit climbs 21.0% YOY

4916887 said its normalized net income for the third quarter was 87.4 million pounds, a rise of 21.0% from 72.2 million pounds in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin climbed to 9.5% from 9.0% in the year-earlier period.

Total revenue climbed 13.0% on an annual basis to 912.0 million pounds from 807.0 million pounds, and total operating expenses increased 11.6% year over year to 771.5 million pounds from 691.0 million pounds.

Reported net income came to 109.1 million pounds, compared with 92.3 million pounds in the prior-year period.

s of Oct. 20, US$1 was equivalent to 8.88 Egyptian pounds.Egyptian International Tourism Projects Co.

4916887 said its normalized net income for the third quarter was 87.4 million pounds, a rise of 21.0% from 72.2 million pounds in the prior-year period.