Golden Pyramids’ consolidated profits fall 80% YoY in Q1

Updated 9/7/2023 9:54:00 AM
Golden Pyramids’ consolidated profits fall 80% YoY in Q1

Arab Finance: Golden Pyramids Plaza (GPPL) reported a 79.6% year-on-year (YoY) drop in consolidated net profits after tax and non-controlling interests in the first quarter (Q1) of 2023, as per a disclosure on September 7th.

Net profits after non-controlling interests amounted to $5.503 million in Q1 2023, down from $26.920 million in Q1 2022.

Meanwhile, the firm earned $26.636 million in operating revenues from January through March, versus $43.337 million over the same period a year ago.

Established in 1991 and listed on EGX in 1997, Golden Pyramids Plaza operates within the consumer services sector focusing on hotels, resorts, and cruise lines.

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