trending Market Intelligence /marketintelligence/en/news-insights/trending/MzVay24WHUqF4oCTIEZGTQ2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

Pyramisa Hotels & Resorts Q3 profit falls YOY

Blog

COVID-19 Impact & Recovery: LCD Outlook for H2 2021

Blog

COVID 19 Impact Recovery Media Telecom and Technology Outlook for H2 2021

Blog

COVID-19 Impact & Recovery: Technology Outlook for H2 2021

Blog

COVID-19 Impact & Recovery: Healthcare Outlook for H2 2021


Pyramisa Hotels & Resorts Q3 profit falls YOY

Pyramisa Hotels & Resorts said its third-quarter normalized net income came to 61 Egyptian piastres per share, a decline of 15.3% from 72 piastres per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 13.2 million pounds, a decline of 15.3% from 15.6 million pounds in the prior-year period.

The normalized profit margin fell to 35.2% from 38.4% in the year-earlier period.

Total revenue fell 7.8% on an annual basis to 37.5 million pounds from 40.7 million pounds, and total operating expenses grew 11.8% year over year to 15.3 million pounds from 13.7 million pounds.

Reported net income declined 39.7% from the prior-year period to 20.4 million pounds, or 95 piastres per share, from 33.9 million pounds, or 1.57 pounds per share.

As of Nov. 10, US$1 was equivalent to 8.03 Egyptian pounds.