Golden Coast switches to losses in 2022

Updated 8/14/2023 9:24:00 AM
Golden Coast switches to losses in 2022

Arab Finance: Golden Coast Company (GOCO) turned to losses in 2022, according to the financial income statement filed to the Egyptian Exchange (EGX) on August 14th.

The company incurred a net loss after tax of EGP 2.193 million in 2022, compared to a profit of EGP 3.909 million in 2021.

Revenues dropped 82.55% year on year (YoY) to EGP 3.204 million, from EGP 18.358 million.

Established in 2004 and listed on the EGX in 2013, Golden Coast operates within the consumer services sector, focusing on hotels, resorts, and cruise lines.

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