ArabFinance:  Golden Textiles and Clothes Wool (Goldentex) (GTWL) achieved a consolidated net profit of EGP 1.53 million during the first nine months of 2021, versus a net loss of EGP 27.68 million in the corresponding period of 2020, according to the company’s filing to the Egyptian Exchange.

Standalone net profit recorded EGP 1.94 million by the end of September 2021, against a loss of EGP 27.37 million in September 2020.

The listed company posted a consolidated net profit before minority interest of EGP 544,493 in half one (H1) 2021.

Goldentex is an Egypt-based company engaged in the manufacture of textile products. The company is involved in the processing and dyeing of wool, woolen blended synthetic fiber, and industrial yarn.