Arab Finance: Golden Coast Company (GOCO) posted a 45.7% year-on-year decline in net profit after tax for the full year ended December 31st 2021, according to the unaudited financial income statement filed to the Egyptian Exchange (EGX) on July 19th.
The company recorded a net profit after tax of EGP 3.903 million in 2021, compared to EGP 7.184 million in 2020.
Revenues fell by 9.1% to EGP 18.358 million last year from EGP 20.189 million in 2020.
Established in 2004 and listed on the EGX in 2013, Golden Coast operates within the consumer services sector, focusing on hotels, resorts, and cruise lines.