Golden Pyramids consolidated profits soar 41% in 9 months

Updated 1/2/2023 11:30:00 AM
Golden Pyramids consolidated profits soar 41% in 9 months

Arab FinanceGolden Pyramids Plaza's (GPPL) consolidated net profits after tax and non-controlling interests surged by 41.07 year-on-year (YoY) during the first nine months of 2022, according to financial statements filed to the Egyptian Exchange (EGX) on Monday.

Profits hit $31.91 million, up from $22.62 million during the same period in 2021.

Operating revenues totaled $88.27 million during the January-September period of 2022, up from $83.07 million in the first nine months of 2021, an increase of 6.26%.

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.

Related News