Arab Polvara Spinning & Weaving Co. posted financial statements for the fiscal year that ended on December 31, 2013.
These statements showed EGP 76.4 million net loss, widening 15% from EGP 66.4 million net loss a year earlier.
The company’s boar had ratified financial highlights for H1-14, which mirrored EGP 55.7 million net loss, widening 55% compared with EGP 36 million net loss in H1-13.
H1 sales totaled EGP 107.2 million, compared with EGP 136 million in H1-13.
The company’s Q1 financial results had shown EGP 22.5 million net loss, widening 43% y/y from EGP 15.8 million. FY13 financial results had mirrored GP 72.067 million net loss, compared with EGP 66.376 million net loss a year earlier.