Pyramisa Hotels (PHTV)

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News

18 December 2022 11:03 AM Pyramisa Hotels’ EGM nods to capital cut

Cairo – Mubasher: The extraordinary general meeting (EGM) of Pyramisa Hotels and Resorts approved reducing the company’s issued capital to EGP 420 million from EGP 432.17 million. The EGP 12.17 million capital reduction will be distributed among …

Management Decisions

10 February 2021 03:49 PM Pyramisa Hotels posts 44% lower profit in 2020

Cairo – Mubasher: Pyramisa Hotels and Resorts reported net profits of EGP 21.06 million in 2020, down by 43.99% year-on-year (YoY) from EGP 37.6 million. Revenues plummeted to EGP 69.36 million last year, compared to EGP 318.23 million in 2019, …

Financial Results

8 December 2020 11:57 AM Pyramisa Hotels sees EGP 10m block-trading deal on Tuesday

Cairo – Mubasher: The Egyptian Exchange (EGX) announced a block-trading deal worth EGP 10.25 million on the shares of Pyramisa Hotels and Resorts. The transaction involved the trading of 500,000 shares, according to a statement on Tuesday. During …

Insider Trading & Treasury Stocks

16 February 2020 11:22 AM Pyramisa Hotels and Resorts’ profit falls 30% in 2019; dividends proposed

Cairo – Mubasher: Pyramisa Hotels and Resorts reported a 29.77% year-on-year profit decline during 2019, the company’s consolidated financial statements showed.  The company’s net profits shrank to EGP 37.49 million last year from EGP 53.38 …

Financial Results

14 November 2019 02:45 PM Pyramisa Hotels and Resorts’ profit surges 76% in 9M

Cairo – Mubasher: Pyramisa Hotels and Resorts reported a 75.99% year-on-year profit hike during the first nine months of 2019 on the back of rising revenues, the company’s consolidated financial statement showed. Net profits leapt to EGP 61.9 …

Financial Results

9 August 2019 10:44 PM Pyramisa Hotels’ consolidated profit goes down 15% YoY in 6M

Cairo – Mubasher: Pyramisa Hotels and Resorts’ consolidated financial statements reported a 14.9% year-on-year profit decline during the first six months of 2019, recording EGP 21.35 million. As for the standalone statements, the company’s profit …

Financial Results

15 May 2019 01:26 PM Pyramisa Hotels Q1 profit falls 3.6%

Cairo – Mubasher: Pyramisa Hotels and Resorts posted a 3.6% year-on-year decline in its consolidated profits during the first quarter of 2019. The company’s net profits recorded EGP 12.16 million in the January-March period of 2019, compared to …

Financial Results

19 February 2019 00:26 PM Pyramisa Hotels profits fall 28% in 2018

Cairo – Mubasher: Pyramisa Hotels and Resorts on Tuesday reported a 27.7% year-on-year decline in consolidated profits for 2018. The company generated EGP 53.37 million in net profit for the 12-month period ended 31 December 2018, versus EGP 73.9 …

Financial Results

13 August 2018 00:11 PM Pyramisa Hotels profits rise 11% in H1

Cairo – Mubasher: Pyramisa Hotels and Resorts on Monday reported a 10.9% year-on-year increase in consolidated profits for the first half of 2018. The company logged EGP 25.11 million in net profit for the six-month period ended June, versus EGP …

Financial Results

5 June 2018 02:33 PM Pyramisa Hotels mulls building EGP 500m resort near Grand Egyptian Museum

Caro – Mubasher: Pyramisa Hotels and Resorts is looking to establish a tourist resort near the Grand Egyptian Museum with preliminary investments of EGP 500 million. The Egypt-based company aims to get the approval of the agriculture and the …

Macroeconomics

14 May 2017 04:02 PM Pyramisa profits surge 1992% in Q1

Cairo - Mubasher: The consolidated financial statements of Pyramisa Hotels and Resorts showed a jump in profits by 1992.16% in the first quarter of 2017, according to the a bourse filing. The company said in a statement to the Egyptian Exchange …

Financial Results

2 April 2017 11:44 AM Pyramisa Hotels OGM OKs EGP 21.6m dividends

Cairo – Mubasher: Pyramisa Hotels and Resorts on Sunday said its ordinary general meeting (OGM) approved dividends to shareholders at EGP 1 per share, totalling EGP 21.6 million for the fiscal year ended 31 December 2016. The OGM also approved the …

Cash Dividends

27 February 2017 11:05 AM Pyramisa Hotels consolidated profits up 7% in 2016

Cairo – Mubasher: Pyramisa Hotels and Resorts posted on Monday a rise of 7% in its consolidated profits for fiscal year 2016 to EGP 60.38 million, compared to EGP 56.39 million for FY15. Standalone profits for FY16 amounted to EGP 62.85 million, …

Financial Results

4 January 2017 11:03 AM Egypt’s administrative court adjourns Sahl Hasheesh lawsuit

Cairo – Mubasher: Egypt’s Administrative Court adjourned Sahl Hasheesh lawsuit until 21 February, said Egyptian Resorts Company.  The lawsuit was filed by Pyramisa Hotels and Cruises Co. against the Egyptin Resorts Company, for annulling Sahl …

Corruption

13 November 2016 02:04 PM Pyramisa Hotels profits down 6.8% in Q3

Cairo – Mubasher: Pyramisa Hotels and Resorts posted a decline of 6.8% in net profits for the third quarter of 2016. The company reported net profits of EGP 22.6 million for Q3 – 2016, up from EGP 21.1 million for the same period of the previous …

Financial Results

11 August 2016 05:40 PM Pyramisa Hotels profits plunge 90% in H1

Cairo – Mubasher: Pyramisa Hotels and Resorts posted a decline of 90% in net profits for the first half of 2016. The company saw net profits of EGP 2.5 million for H1-2016, down from EGP 24.3 million for the same period of the previous year. …

Financial Results

4 July 2016 11:49 AM Pyramisa in talks over AED 40m loan from AAIB-Dubai

Cairo – Mubasher: Pyramisa Hotels and Resorts expended EGP 83.35 million (AED 34 million) on Pyramisa Suites Hotel Dubai, according to a bourse filing on Monday. Currently, the company is hands on fulfilling all necessary official procedures to …

Companies Investments

22 May 2016 10:47 AM Pyramisa Hotels Q1 profits 95% lower

Cairo – Mubasher: Pyramisa Hotels and Resorts said its consolidated profits decreased by 94.98% in the first quarter of 2016, according to a bourse filing. The company earned EGP 619,100 compared with EGP 12.33 million for the year-ago period. …

Financial Results

18 May 2016 01:13 PM Egyptian Resorts denies indemnifying Pyramisa Hotels

Cairo – Mubasher: The Egyptian Resorts Company denied entering into any agreement to indemnify Pyramisa Hotels for any investment damages, said the Egyptian Resort in a bourse filing.   At the current time, no talks are underway to assess the …

Corporate Actions

24 April 2016 00:05 PM Dispute over Sahl Hasheesh sale contract solved

Cairo – Mubasher: Both the Egyptian Resorts Company and Pyramisa Hotels and Cruises have agreed to settle down all disputes sparked by Sahl Hasheesh land sale contract, the Egyptian Resorts Company said in a bourse filing. Earlier Pyramisa Hotels …

Corporate Actions

6 April 2016 00:29 PM Egypt’s administrative court adjourns Sahl Hasheesh lawsuit

Cairo – Mubasher: Egypt’s Administrative Court adjourned Sahl Hasheesh lawsuit until 18 July 2016, said Egyptian Resorts Company.   The lawsuit was filed by Pyramisa Hotels and Cruises Co. against the Egyptin Resorts Company, for annulling Sahl …

Corporate Actions

10 March 2016 09:40 AM Record date for Pyramisa cash dividend 22 March

Cairo – Mubasher: Pyramisa Hotels & Resorts said shareholders of record until 22 March would be entitled to cash dividends for 2014. The company's ordinary general meeting earlier approved paying out EGP 3 per share as cash dividends. The …

Cash Dividends

28 February 2016 07:33 PM Pyramisa cancels bonus issue, approves SAR3/shr dividends

By Ahmed Allam Cairo – Mubasher: Pyramisa Hotels & Resorts said its shareholders approved on Sunday the distribution of cash dividends for FY14 at EGP 3 per share. Meanwhile, shareholders voted against the distribution of bonus shares. The …

General Assembly

9 February 2016 03:47 PM Pyramisa board OKs bonus share distribution

Cairo-Mubasher: Pyramisa Hotels and Resorts said its board gave the go-ahead for bonus share distribution for 2014 at EGP 3 a share. In March, shareholders approved 0.15-for-1 bonus share distribution at nearly EGP 64.8 million.   The company …

Financial Results

9 February 2016 11:23 AM Pyramisa posts 39% profit decline for 2015

Cairo-Mubasher: Pyramisa Hotels and Resorts reported consolidated net earnings of EGP 56.39 million for the fiscal year 2015, a fall of 38.9% compared with EGP 92.39 million a year earlier. Standalone net profits reached EGP 37.47 million in 2015, …

Financial Results