Golden Coast incurs loss in Q1

Updated 8/17/2022 1:02:01 PM

Arab Finance: Golden Coast Company (GOCO) turned to losses in the first quarter (Q1) of 2022, according to the unaudited financial income statement filed to the Egyptian Exchange (EGX) on July 19th. 

The company incurred a net loss after tax of EGP 1.92 million in Q1 2022, compared to a profit of EGP 1.74 million in Q1 2021. 

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