19 November 2009
Arab Polivara Spinning and Weaving saw revenues drop 33.6 percent in the third quarter of 2009 to reach LE 49.1 million, down from LE 74 million during the same period last year.
Arab Polivara Spinning and Weaving saw revenues drop 33.6 percent in the third quarter of 2009 to reach LE 49.1 million, down from LE 74 million during the same period last year.
Net income also declined sharply as the company witnessed a net loss of LE 16.0 million in the third quarter, from a loss of LE 8.7 million a year earlier.
© Daily News Egypt 2009
