Financial Statements

General Assembly of the Holding Company for Tourism and Hotels

First : the results of the Holding Company for Tourism and hotel business for the fiscal year 2015/2016 

The total revenue of the Holding Company for the fiscal year 2016/2015 the amount of 252.8 million pounds versus 238.1 million pounds in the previous fiscal year 2015/2014, up 14.7 million pounds, an increase of 6.2% due limited increase in revenue for the fiscal year as a result of the comparative delivery of the bulk of the administrative building during the 2016/2015 fiscal year and lower interest income worth 3.2 million pounds, as well as a declining share of the holding company of its subsidiaries EGOTH Company and Msrellvenadeg amounting to 3.2 million pounds from the previous year

Resulted in the Holding Company for Tourism and Hotels for the fiscal year 2016/2015 a net profit activity amounted to 84.4 million pounds compared to a net profit of 105.9 million pounds in the previous fiscal year 2015/2014 shortage of 21.5 million pounds by the lack of 20% due to the increased activity costs through supply fiscal year 2016/2015 as a result of the end of all acts of the administrative building and the hotel business in Tahrir Square

Second: The results of the subsidiary companies for the fiscal year 20156/2015

Revenues from subsidiaries 


Activity resulted in subsidiaries, according to financial statements approved for the fiscal year 2016/2015 for achieving revenue activity underway amounted to 1.3 billion pounds compared to 1.2 billion pounds the previous year 2015/2014, up 98 million pounds, an increase of 7.7%, while total revenues amounted to for the fiscal year supply 1,830 billion pounds compared with 1.748 billion pounds, up 82 million pounds, an increase of 4.6% from the comparative year 2015/2014

Due the limited increase in revenue activity to a substantial shortfall in inbound tourism due to the repercussions of the fall of the Russian plane and travel ban to Egypt accident, in addition to closing the macro and micro for some hotels through before the fiscal year due to a number of companies completed an overall development and partial to some of its assets owned to raise asset efficiency of operations and maximize profitability 

Activity Cost Affiltated Companies 

The cost of the activity for the fiscal year 2016/2015 the amount of 939.2 million pounds compared to 913 million pounds in the previous fiscal year 2015/2014, up 26.2 million pounds, an increase of 2.8% due mainly to the inevitable wage increases as the average worker’s wage annual during the fiscal year 2016/2015 the amount of 48,437 pounds compared to 44,670 pounds the previous year, an increase of 3767 pounds, an increase of 8.4%

Net profit

The results of the work of the companies to achieve a net profit for the fiscal year 2016/2015 totaled 278 million pounds compared to a net profit of 59 million pounds in the previous fiscal year 2015/2014, up 219 million pounds, an increase of 371%, despite the decline of tourism for the reasons mentioned above.

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