Golden Coast records 48% profit decline
Updated 11/25/2020 1:54:00 PM
ArabFinance: Golden Coast Company said its net profit nosedived by 48% Year on Year for the first nine months of 2020, according to the company’s November 24th financial statements filed to the Egyptian Exchange.
Net profit stood at EGP 5,604,744 in January-September 2020, compared to EGP 10,694,500 achieved in the prior-year period.
In early July, the company’s board of directors decided to split the stock's par value from EGP 4 to EGP 0.40 per share.
Established in 2004 and listed on EGX in 2013, Golden Coast operates within the consumer services sector, focusing on hotels, resorts, and cruise lines.
