SPINALEX H1 losses widen to EGP 24m

Cairo – Mubasher: Alexandria Spinning and Weaving (SPINALEX) said on Sunday that its losses were 39.4% up during H1-15/16 to

EGP24.2 million, compared to EGP16.7 million in the same period a year earlier.

Meanwhile, H1-15/16 revenues rose to EGP97.9 million from EGP80.8 million last year.

In addition, the first quarter ended 30 September, 2015 witnessed loss increase by 71.7%.)

Mubasher Contribution Time: 31-Jan-2016 11:56 (GMT)