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Golden Pyramids profits down 5% in 9 months

Cairo – Mubasher: The financial results of Golden Pyramids Plaza Company showed a decline in profits by 4.77% in the nine-month period that ended 30 September 2016, according to a bourse filing.

The company said in a statement to the Egyptian Exchange (EGX) on Wednesday that profits totalled $23.2 million (EGP 429.3 million) compared to $24.3 million (EGP 450.4 million) in the same period last year.

Total revenues decreased by 2.17% in 9 months to $130.49 million compared to $133.39 million in the same period in 2015.