The ordinary general meeting of El Nasr Clothing & Textile Co. (KABO) has endorsed the financial statements, as well as the board report, for the fiscal year that ended on June 30, 2014.

The company’s standalone financial results for the three-month period that ended on September 30, 2104 had shown that net loss narrowed 58% to EGP 3.8 million from EGP 9.1 million reported in the same period a year earlier.
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.
FY13/14 standalone financial result had shown that net loss narrowed 51% to EGP 17.755 million.

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.