Cairo – Mubasher: Arab Polvara Spinning and Weaving logged EGP 93 million losses ($10.4 million) during 2015, deeper 15% year-over-year from EGP 80.5 million ($9 million), according to its standalone financial results.
Revenues went down to EGP 69.7 million over the fiscal year 2015 from EGP 154.3 million registered in 2014, the company added in a bourse filing.
During the first nine months of 2015, the company’s losses cut to EGP 78.72 million, compared with EGP 79.3 million for the year-ago period.
