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KABO FY13/14 standalone loss shrinks 51% to EGP 17.8mln

KABO FY13/14 standalone loss shrinks 51% to EGP 17.8mln
KABO
KABO
0.75% 2.67 0.02
El Nasr Clothing & Textile Co. (KABO) posted non-consolidated financial results for the fiscal year that ended on June 30, 2014, showing that net loss narrowed 51% to EGP 17.755 million, from EGP 36.202 million a year earlier.
The company’s financial statements for the nine-month period that ended on March 31, 2014 had shown EGP 25.6 million net loss, deepening 34% compared with EGP 19 million in the same period a year earlier. The company had logged EGP 9.7 million net loss in H1, widening 61.69% compared with EGP 6 million in the same period a year earlier.