Arab Finance: Golden Textiles and Clothes Wool (Goldentex) has reported a net profit after tax of EGP 24.501 million during the first quarter (Q1) of 2023, 187.32% up from EGP 8.527 million in the same quarter a year earlier, according to financial statements filed to the Egyptian Exchange (EGX) on May 30th.
Sales soared to EGP 147.541 million in Q1 2023 from EGP 70.436 million in Q1 2022.
Goldentex is an Egypt-based company engaged in the manufacture of textile products. The company is involved in the processing and dyeing of wool, woolen blended synthetic fiber, and industrial yarn.