Golden Pyramids’ profit accelerates 17% in Q1-19

Cairo – Mubasher: The consolidated financial statements of Golden Pyramids Plaza Company showed a 17% year-on-year increase in profits during the first quarter of 2019.

Year-on-year, the profits surged to $13.18 million during Q1-19 from $11.2 million, including minority shareholders’ rights, the company said in a filing to the Egyptian Exchange (EGX) on Tuesday. 

Revenues hiked to $34.58 million in Q1-19 from $30.9 million.

The company’s net standalone profits leaped to $19.5 million in Q1-19 from $10.37 million in the corresponding period last year.

Mubasher Contribution Time: 17-Sep-2019 10:45 (GMT)
Mubasher Last Update Time: 17-Sep-2019 10:45 (GMT)