trending Market Intelligence /marketintelligence/en/news-insights/trending/tyNHGHgDxiMxJBcJ8uPR7g2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Golden Textiles & Clothes Wool Q1 profit falls YOY

Mining Exploration Insights – September 2020

Amid Pandemic, Airlines Forge a New Survival Metric: Daily Cash Burn

Industries Most and Least Impacted by COVID-19 from a Probability of Default Perspective – September 2020 Update

Complying with International Financial Reporting Standard IFRS 9


Golden Textiles & Clothes Wool Q1 profit falls YOY

Golden Textiles & Clothes Wool said its normalized net income for the first quarter came to 12 Egyptian piastres per share, a decrease of 46.5% from 22 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 1.7 million pounds, a decline of 46.5% from 3.2 million pounds in the year-earlier period.

The normalized profit margin fell to 4.5% from 7.2% in the year-earlier period.

Total revenue declined 14.1% year over year to 38.0 million pounds from 44.2 million pounds, and total operating expenses fell 12.0% on an annual basis to 34.0 million pounds from 38.7 million pounds.

Reported net income fell 50.7% year over year to 1.8 million pounds, or 12 piastres per share, from 3.6 million pounds, or 25 piastres per share.

As of May 25, US$1 was equivalent to 8.88 Egyptian pounds.