Cairo – Mubasher: Alexandria Spinning and Weaving (SPINALEX) logged deeper losses in the first nine months of 2015/16.
The company’s losses widened by 9.1% year-over-year to EGP34.21 million ($3.86 million) from EGP31.37 million ($3.54 million).
In the first half of the same fiscal year, the company registered a net loss of EGP24.2 million compared to EGP16.7 million for the year-ago period.
On Sunday, the stock closed 1.14% lower to EGP0.87.
