Golden Coast reports lower profit

Updated 7/11/2021 2:00:00 PM

ArabFinance: Golden Coast Company posted a net profit of EGP 1.748 million in quarter one (Q1) 2021, according to the company’s financial statements filed to the Egyptian Exchange.

This marked a Year on Year (YoY) decline of 21% when compared to EGP 2.113 million in Q1 2020.

Golden Coast's 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.