Cairo – Mubasher: Arab Cotton Ginning unveiled its financial statements for the first quarter of the fiscal year 2016 – 2017.
The statements reflected net losses of EGP 11.78 million, against profits of EGP 10.1 million for the same period of the previous year.
Moreover, the company’s revenues slide by 13% to 147.7 million in Q1 – FY16/17 compared with EGP 169.6 million for the same period of the preceding year.
