Arab Polvara reports EGP 78m losses in 9 months

Cairo - Mubasher: Arab Polvara Spinning and Weaving posted EGP 78.72 million in losses for the first nine months of 2015.

The firm registered losses of EGP 79.3 million for the comparable period of 2014.

The company's top line stood at EGP 59.3 million for this nine-month period of 2015, down from EGP 142.5 million a year earlier.

Earlier, the firm said it brought down it narrowed it losses to reach EGP 51.25 million for the first half of 2015, compared with EGP 55.7 million for the similar period of the preceding year.

Mubasher Contribution Time: 22-Nov-2015 08:40 (GMT)