Revenues slid to EGP 245.17 million in the July-September period from EGP 336.59 million in the corresponding period a year earlier, the company said in a bourse disclosure on Thursday.
Previously, the standalone financial indicators showed net losses of EGP 3.33 million in Q1 of FY20/21, down from EGP 7.01 million in the year-ago period.
During FY19/20, Arab Cotton Ginning turned to net losses of EGP 188.39 million, against net profits of EGP 1.66 million a year earlier, the consolidated financial results showed.
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