Cairo – Mubasher: Arab Cotton Ginning recorded lower losses during the first quarter of the fiscal year 2016/17, according to a bourse filing on Monday.
Q1 Net losses shrank 31% year-on-year to EGP 2.96 million from EGP 4.29 million.
The company's fiscal year starts on the first of July.
By 10:40am Cairo time, the stock quote was placed at EGP 3.27 with a 2.51% rise.
