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Golden Textiles H1 profit drops 37% to EGP3.4 mln

Golden Textiles H1 profit drops 37% to EGP3.4 mln
Goldentex
GTWL
525.16% 244.00 204.97
Golden Textiles & Clothes Wool posted consolidated financial results for H1-14, which mirrored EGP 3.4 million net profit, with a decline by 37% compared with EGP 5.4 million net profit in the same period a year earlier.
H1 standalone financial statements showed EGP 3.4 million net profit, compared with EGP 5.8 million net profit in H1-13.
Q1 profit had netted EGP 2.2 million, representing a fall by 12% compared with EGP 2.5 million in Q1-13.