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Golden Coast profits rise 45% in 2016

Golden Coast profits rise 45% in 2016
Photo Credit: Arabianeye-Reuters
Golden Coast
3.40% 7.00 0.23

Cairo - Mubasher: Golden Coast El Sokhna for Touristic Investment reported a rise in annual profits by 45.44% last year, according to a bourse filing.

The company said in a statement to the Egyptian Exchange (EGX) on Wednesday that profits totalled EGP 10.65 million in 2016 compared to EGP 7.26 million in the year before.

Revenues grew to EGP 34.4 million in the prvious year compared to EGP 12.58 million in 2015.