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Golden Textiles turns to loss ending Sept. 2019

Golden Textiles turns to loss ending Sept. 2019

ArabFinance:  Golden Textiles & Clothes Wool (GTWL)  announced in a statement sent to EGX, the audited financial results for the fiscal period starting January 1, 2019, and ending Sept. 30, 2019. 

The company incurred consolidated net losses of EGP 17,051,688, versus posting net profits of EGP 3,601,337 in the same period a year ago, taking into account the minority rights.  

Moreover, it incurred standalone net losses of EGP 16,664,162, versus posting net profits of EGP 3,615,176 in the same period last year. 

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