Cairo – Mubasher: Arab Cotton Ginning posted a drop of 35.2% in profits during the nine months ended 31 March 2017, compared to the same period of 2016.
The company’s earnings shrank to EGP 10.68 million from July 2016 to March 2017, from EGP 16.5 million from July 2015 to March 2016, according to a bourse filing issued on Monday.
During the nine months ended 31 March 2017, Arab Cotton achieved a growth in sales to EGP 18.9 million from EGP 16.76 million in the prior year.
