Arab Finance: Golden Textiles and Clothes Wool (Goldentex) has reported a net profit after tax of EGP 41.726 million during the first half (H1) of 2023, 61.9% up from EGP 25.772 million in the same half a year earlier, according to financial statements filed to the Egyptian Exchange (EGX) on August 10th.
Sales soared to EGP 295.496 million in H1 2023 from EGP 166.474 million in H1 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.