Cairo – Mubasher: Golden Textiles and Clothes Wool posted that its consolidated profits for the first quarter of 2016 declined 46.1% year-over-year to EGP 2.13 million from EGP 3.95 million, a bourse filing indicated.
Likewise, its standalone profits fell to EGP 2.38 million, lower 43.87% year-over-year from EGP 4.24 million.
During 2015, the company’s net profit after tax reached EGP 12.3 million.
