ArabFinance:  Golden Coast Company (GOCO) decided to split its stock to be at a par value of EGP 0.40 per share instead of EGP 4, according to an October 21^st disclosure filed to the Egyptian Exchange.

The company will maintain the issued and paid-up capital at EGP 68,608,676, the statement added.

The capital will be distributed on 171,521,690 shares instead of 17,152,169.

The shareholders recorded on October 25^th are entitled to trade their shares starting October 26^th, the company said.

Golden Coast reported a net profit of EGP 4,322,791 in the first half of 2020, a 40% decline from EGP 7,157,677 achieved in the prior-year period.

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