Arab Cotton Ginning reported EGP 1.55 million net profits in H1-FY13/14 with decline by 48.67% from EGP 3.02 million a year-over-year. The company announced, recently, that AK III Limited sold 8,343,870 shares in the company, thus reducing its stake to 11.0165% from 14.0976%. ACGC logged EGP 5.2 million net losses in the first nine months of FY13/14, with a decline of 60% from EGP 12.8 million losses a year earlier.