Orascom Hotels Pprofit Up 186%
EGYPT, April 3, 2006. Egypt's Orascom Hotels and Development net profits rose 186 percent to 177 million Egyptian pounds ($30.7 million) in 2005 compared to a year earlier, the firm said in a stock exchange statement.
Profits in 2004 were 62 million pounds, the brief stock exchange statement said on Sunday.
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