Cairo – Mubasher: Golden Textiles and Clothes Wool posted a decline of 44.5% in net profits for the second quarter of 2016.

The company saw net profits of EGP 1.61 million in Q2-2016, down from EGP 2.9 million for the same period of the previous year.

As for the first half of 2016, the company reported net profits of EGP 3.74 million down by 45.3% from EGP 6.84 million a year earlier.