Golden Coast reports lower profit

Updated 4/4/2021 4:00:00 PM

ArabFinance:  Golden Coast Company reported a 26% Year on Year decline in its net profit in 2020, according to the company’s financial statements filed to the Egyptian Exchange.

Net profit stood at EGP 7,184,987 in 2020, compared to EGP 9,770,750 achieved a year earlier.

Target Real Estate Investment increased its stake in Golden Coast from 9.412% to 13.225%

Established in 2004 and listed on EGX in 2013, Golden Coast operates within the consumer services sector, focusing on hotels, resorts, and cruise lines.