Arab Finance: Golden Textiles and Clothes Wool (Goldentex) shifted to net losses in the first quarter (Q1) of 2026, incurring EGP 95.058 million, compared to net profits of EGP 12.109 million a year earlier, the financial results showed.
Loss per share hit EGP 5.99 in Q1 2026, against earnings per share (EPS) of EGP 0.76 in Q1 2025.
Sales climbed to EGP 213.834 million in the first three months of 2026 from EGP 194.946 million at the end of March 2025.
Established in 1982, Goldentex is a worsted wool textile manufacturing company that is involved in spinning, weaving, dyeing, and finishing of textiles, including wool, poly-wool, poly viscose, and other non-woven fabrics.