trending Market Intelligence /marketintelligence/en/news-insights/trending/jdNLHYwcCrsDSuhXbJAwlw2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

Golden Textiles & Clothes Wool Q2 profit climbs YOY

Industry Top Trends 2021: Metals and Mining

TMT News & Research: 2020 Recap


Charter, DIRECTV and Comcast rank as the top 'RSN-friendly' MVPDs

The Evolution Of ESG Factors In Credit Risk Assessment: Corporate Governance

Golden Textiles & Clothes Wool Q2 profit climbs YOY

Golden Textiles & Clothes Wool said its second-quarter normalized net income amounted to 15 Egyptian piastres per share, a gain from 6 piastres per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 2.6 million pounds, a gain from 961,130 pounds in the year-earlier period.

The normalized profit margin rose to 6.3% from 3.7% in the year-earlier period.

Total revenue increased 55.1% year over year to 40.7 million pounds from 26.3 million pounds, and total operating expenses increased 50.1% year over year to 36.5 million pounds from 24.3 million pounds.

Reported net income grew from the prior-year period to 2.9 million pounds, or 17 piastres per share, from 1.2 million pounds, or 7 piastres per share.

As of Aug. 7, US$1 was equivalent to 7.83 Egyptian pounds.