Golden Textiles standalone profits ebb ending 2016 on EGP flotation

Updated 3/26/2017 10:40:44 AM

ArabFinance: Golden Textiles & Clothes Wool (GTWL) announced in a statement sent to EGX the audited financial results for the fiscal period starting January 1, 2016, and ending December 31, 2016.

The company posted standalone net profits of LE11,167,956, versus net profits of LE12,129,654 in the same period a year ago.

The Floatation of Egyptian pound had a negative impact of LE12.930 million on fiscal year results.