Cairo – Mubasher: Golden Pyramids Plaza swung from profits to losses during the first nine months of the fiscal year 2016/17, a bourse statement revealed on Tuesday.

The company registered a net loss of $1.89 million during the nine-month period, compared with a net profit of $390,600 for the year-ago period.

Revenues rose by 418.8% year-on-year over the first nine months to $126.36 million from $24.93 million.  

In the first half, the company turned into losses as registering $11.67 million (EGP 209.7 million) losses in the first half, compared with $1.37 million (EGP 24.6 million) profits for the year-ago period.