Golden Pyramids Plaza’s standalone profit jumps 165.7% YoY in Q1

Updated 9/4/2022 11:44:51 AM

Arab Finance: Golden Pyramids Plaza (GPPL) reported a 165.7% year-on-year (YoY) growth in standalone net profit after tax for the first quarter (Q1) of 2022, according to the standalone financial statement filed to the Egyptian Exchange (EGX) on September 4th.

The company recorded a net profit after tax of $26.99 million in Q1 2022, compared to $10.159 million in Q1 2021.

Operating revenues grew to $42.25 million in the three-month period ended March 31st from $24.08 million in the year-ago period.

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.