Cairo – Mubasher: Golden Pyramids Plaza said, in a bourse filing posted Tuesday it reported a 20% fall in consolidated net profits for the first quarter of the fiscal year 2015.

The company generated $18.567 million (EGP 145.996 million) in net profit, down from $23.28 million (EGP 183.063 million) in the same period a year earlier.

Meanwhile, Q1 standalone net profit amounted to $5.193 million ($39.70 million), compared with $19.070 million (EGP 145.80 million) in the first quarter of 2014.