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Golden Pyramids H1 profits surge 43.8%

Golden Pyramids H1 profits surge 43.8%
Photo Credit: Arabianeye - Reuters

Cairo-Mubasher: Golden Pyramids Plaza saw an increase of 43.8% to $19.66 million (EGP 153.5 million) in net profits for the first half of 2015, compared with $13.7 million (EGP 107 million) for the same period of the previous year.

Meanwhile, the company reported revenues of nearly $88.8 million in H1-2015, up from $61.1 million for the same period a year earlier.

The firm previously posted net profits of $18.567 million (EGP 145.996 million) in the first quarter of 2015, compared with $23.28 million (EGP 183.063 million) for the comparable period in 2014.