Misr Hotels Co. said its normalized net income for the fiscal third quarter ended March 31 came to 42 Egyptian piastres per share, compared with a loss of 37 piastres per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 5.6 million pounds, compared with a loss of 4.9 million pounds in the prior-year period.
The normalized profit margin was 200.9%.
Reported net income came to 6.1 million pounds, or 46 piastres per share, compared to a loss of 7.8 million pounds, or a loss of 59 piastres per share, in the year-earlier period.
As of May 10, US$1 was equivalent to 8.88 Egyptian pounds.