Golden Textiles & Clothes Wool posted EGP 1.6 million consolidated net profit for the first nine months of FY14, with a fall by 80% compared with EGP 8 million reported in the same period a year earlier.
Standalone financial results for the same period showed EGP 1.7 million net profit, compared with EGP 8.4 million net profit in the corresponding period a year ago.
Consolidated financial results for H1-14 had mirrored EGP 3.4 million net profit, with a decline by 37% compared with EGP 5.4 million net profit in the same period a year earlier.
H1 standalone financial statements showed EGP 3.4 million net profit, compared with EGP 5.8 million net profit in H1-13.
Q1 profit had netted EGP 2.2 million, representing a fall by 12% compared with EGP 2.5 million in Q1-13.