Arab Finance: Golden Pyramids Plaza (GPPL) reported a 552.4% year-on-year (YoY) increase in consolidated net profits attributable to the parent company for the first quarter (Q1) of 2024, as per a filing.

The company recorded net profits after tax of $35.9 million in Q1 2024, compared to $5.503 million in Q1 2023.

Meanwhile, operating revenues slipped to $26.036 million from $26.636 million.

On September 1^st, the company posted a 536.2% year-on-year (YoY) increase in standalone net profits after tax for Q1 2024.

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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