*At press time, the conversion rate is $1 = EGP 15.73
Golden Pyramids Plaza reports lower standalone profit
Updated 12/21/2020 9:24:00 AM
ArabFinance: Golden Pyramids Plaza reported a 70% Year on Year decline in its standalone net profit in the first nine months of 2020, according to the company’s December 20th financial statements filed to the Egyptian Exchange (EGX).
Standalone net profit stood at $10,393,467 (EGP 163,521,351) in the January-September 2020, compared to $34,909,369 (EGP 549,232,244) achieved in the prior-year period.
In January, the EGX announced the execution of a block trading deal on 10,028,362 shares of Golden Pyramids worth $12,435,169 (EGP 195,643,633).
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.
