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Golden Pyramids FY15 profits fall 87%

Golden Pyramids FY15 profits fall 87%
Trading on the stock suspended since 19 June - (Photo Credit: Company's Website)

Cairo – Mubasher: Golden Pyramids Plaza said its consolidated profits for 2015 plummeted 87% year-over-year to $16.2 million (EGP 144 million) from $124.9 million (EGP 953 million).

During the first nine months of 2015, the company registered a net profit of $24.3 million.

Since 19 June, the Egyptian Exchange has suspended trading on the company’s stock for uncovering FY15 consolidated financial statements on time.