Cairo – Mubasher: Arab Cotton Ginning Co. posted EGP 10.1 million consolidated net profit for the first quarter of 2015/2016, against EGP 9.7 million net loss logged in the same period a year ago.
Meanwhile, the company’s standalone financial statements for the same quarter mirrored a 12.3% rise year-on-year in net losses to EGP 4.3 million from EGP 3.8 million.
FY14/15 consolidated net profit rose by 33% to EGP 33 million from EGP 28.6 million.
