Cairo – Mubasher: The consolidated financial statements of Golden Pyramids Plaza showed an 88.3% year-on-year (YoY) plunge in its net profits, logging $2.03 million in the first nine months of 2020, compared to $17.44 million.

The company’s revenues fell to $75.92 million in the January-September period from $85.88 million in the corresponding period a year earlier, according to a bourse disclosure on Sunday.

Earlier, the standalone financial results reported net profits of $10.39 million in the nine-month period ended 30 September, down from $34.9 million in the year-ago period.

Revenues declined to $62.25 million in the first nine months of the year, compared to $85.64 million in the same period a year earlier.