Golden Pyramids reports 37% YoY consolidated profit decline in 2023

Updated 7/1/2024 11:29:00 AM
Golden Pyramids reports 37% YoY consolidated profit decline in 2023

Arab Finance: Golden Pyramids Plaza (GPPL) posted a 36.8% year-on-year (YoY) decline in consolidated net profits attributable to the parent company in 2023, according to financial statement on July 1st.

The company’s consolidated profits excluding non-controlling interests dropped to $21.641 million last year from $34.251 million in 2022.

Meanwhile, operating revenues fell to $91.075 million from $106.497 million.

Established in 1991 and listed on EGX in 1997, Golden Pyramids Plaza operates within the consumer services sector focusing on hotels, resorts, and cruise lines.

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