Arab Cotton Ginning Co. (ACGC) posted on Wednesday its financial results for the fiscal year that ended on June 30, 2013.
These results showed that the company moved back to black with net earnings of EGP 75.351 million, against EGP 3.885 million net loss in the corresponding period a year earlier.
The company’s standalone financial results for the first quarter of FY13/14 had mirrored EGP 5.169 million net loss, widening 29.6% from EGP 3.987 million net loss in the year-ago period.