The ordinary general meeting of Nile Cotton Ginning Co. endorsed the company’s financial statements and final accounts for the fiscal year that ended on June 30, 2014.
Board members were discharged from liability for the same FY.
The company’s unaudited financial results for FY13/14 had shown net loss of around EGP 7.672 million, narrowing 58.1% from EGP 18.336 million a year earlier.
Consolidated financial results for the first nine months of FY13/14 had reflected EGP 5.2 million net loss, shrinking 60% from EGP 12.8 million in the same period a year earlier.
Q1-13/14 financial results had reflected EGP 4.869 million loss, narrowing 26.8% from EGP 6.648 million in the year-ago period.