Goldentex’s profits surge 82.2% YoY in 9 months

Updated 11/9/2023 9:20:00 AM
Goldentex’s profits surge 82.2% YoY in 9 months

Arab Finance: Golden Textiles and Clothes Wool (Goldentex) has posted a 82.24% year-on-year (YoY) hike in net profit after tax to EGP 59.945 million during the first nine months of 2023, versus EGP 32.89 million, according to financial statement filed to the Egyptian Exchange (EGX) on November 11th.

Sales soared to EGP 506.775 million in the nine months to September 30th from EGP 245.757 million in the same period of 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.

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