Arabia Cotton Ginning Company’s standalone net profits after tax surged 131% year on year (YoY) to EGP 79.178 million in fiscal year (FY) 2022/2023, compared to EGP 34.221 million, as per a filing on September 27th.
Moreover, the company’s board of directors has approved the EGP 0.25 per share cash dividends payment proposal.
ACGC is an Egypt-based company active in the textiles and clothing industry sector. The company is engaged in cotton ginning, as well as trading of its products domestically and internationally.
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