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.