ArabFinance:  Golden Coast Company reported a 34% Year on Year decrease in its net profit in the Quarter one (Q1) of 2020, according to the company’s August 4th financial statements filed to the Egyptian Exchange.

Net profit reached EGP 2,113,300 in FY 2019/2020, compared to EGP 3,189,475 achieved a year earlier.

In early July, the company’s board of directors decided to split the stock's par value from EGP 4 to 0.40 per share.

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