Arab Cotton Ginning turns profitable in H1

Cairo - Mubasher: The financial statements of Arab Cotton Ginning Company showed net profits of EGP 84.3 million in the first half of fiscal year 2016/2017 versus losses of EGP 1.4 million in the same period the year before.

The company also revealed it has achieved foreign exchange gains of EGP 29.3 million during the same period, according to its statement to the Egyptian Exchange (EGX) on Wednesday.

Mubasher Contribution Time: 15-Mar-2017 11:30 (GMT)
Mubasher Last Update Time: 15-Mar-2017 12:43 (GMT)