Cairo – Mubasher: Golden Pyramids Plaza turned to losses in the first quarter of 2016 as it suffered $5.09 million in losses against net profit of $18.57 million for the same period of the previous year.
“The Egyptian Exchange has addressed the company to amend its financial statements for Q1 in order to reflect the FX losses at its consolidated income statement instead of the standalone one,” said Hani Ahmed, Investors Relation Manger.
The company’s FX losses stood at $34.21 million in Q1-2016. Compared with $7.93 million for the same period of the previous year.
