Net profits plunged to EGP 4.06 million during the six-month period ended 31 December 2019, compared to EGP 15.34 million in the year-ago period, the company said in a statement to the Egyptian Exchange (EGX) on Tuesday.
The company’s revenues shrank to EGP 14.63 million in H1 of FY19/20 from EGP 28.18 million in the corresponding period a year earlier.
It is worth mentioning that during the first quarter of FY19/20, Arab Cotton Ginning incurred net losses of EGP 30.18 million, against net profits of EGP 2.76 million in the year-ago period.
All Rights Reserved - Mubasher Info © 2005 - 2020 Provided by SyndiGate Media Inc. (Syndigate.info).