Goldentex turns to profit

Goldentex is an Egypt-based company engaged in the manufacture of textile products

  
ArabFinance: Golden Textiles & Clothes Wool (Goldentex) (GTWL) posted a consolidated net profit of EGP 4,279,182 in quarter one (Q1) 2020, against incurring a net loss of EGP 5,296,786 in the corresponding period, according to the company’s May 31st financial statements filed to the Egyptian Exchange.

Standalone net profit reached EGP 4,364,277 in Q1 2020, against a net loss of EGP EGP 5,296,626 incurred in Q1 2019.

In 2019, the company incurred a net loss of EGP 10,700,097 versus posting profits of EGP 3,604,444 a year earlier.

Goldentex is an Egypt-based company engaged in the manufacture of textile products. The company is involved in the processing and dyeing of wool, woolen blended synthetic fiber and industrial yarn.

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