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Golden Pyramids Plaza's standalone profit plunges 91% in 2020

Golden Pyramids Plaza's standalone profit plunges 91% in 2020
The company's revenues slid to $73.49 million
Golden Pyramids Plaza
GPPL
0.00% 1.52 0.00

Cairo - MubasherGolden Pyramids Plaza recorded a 91% year-on-year (YoY) drop in its standalone net profits to $2.9 million during 2020, compared to $32.66 million a year earlier. 

The company's revenues slid to $73.49 million last year from $109.27 million in 2019, according to a bourse disclosure on Monday.

During the first nine months of 2020, the company's standalone net profits declined to $10.39 million, compared to $34.9 million in the corresponding period a year earlier. 

The revenues retreated to $62.25 million in the January-September period of 2020 from $85.64 million in the same period in 2019.