Arab Polvara Spinning and Weaving (APSW)

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News

16 January 2022 11:00 AM Arab Polvara's losses retreat 38% in 2021

Cairo – Mubasher: Arab Polvara Spinning and Weaving (APSW) recorded a 38.4% decline in net losses to EGP 11.48 million in 2021, compared to EGP 18.66 million in 2020. The company generated revenues of EGP 41.8 million in 2021, up 39.92% from …

Financial Results

27 October 2019 11:48 AM Arab Polvara’s losses narrow 10% in 9M unaudited financials

Cairo – Mubasher: The unaudited financial results of Arab Polvara Spinning and Weaving (APSW) reported a 10% year-on-year decline in its losses during the first nine months of 2019. Net losses fell to EGP 5.73 million in the January-September …

Financial Results

7 May 2019 00:04 PM Arab Polvara eyes EGP 400m investment to raise production capacity

Cairo – Mubasher: Arab Polvara Spinning and Weaving (APSW) is looking to invest about EGP 400 million in a bid to increase its production capacity. APSW aims to maximise its revenues through raising output capacity, the company said in a statement …

Companies Investments

9 July 2017 09:39 AM Arab Polvara widens losses in Q1

Cairo - Mubasher: The financial indicators of Arab Polvara Spinning and Weaving (APSW) showed a rise in losses in the first quarter of 2017 by 9.2% year-on-year, due to a rise in administrative costs. The company said in a statement to the …

Financial Results

7 June 2017 01:45 PM EGX give companies 15 days to reveal financials

Cairo - Mubasher: The Egyptian Exchange (EGX) listing committee has decided to allow 10 companies a 15-day grace period to present their financial statements, approved by their respective ordinary general meeting (OGM). The situation will be …

Management Decisions

21 May 2017 01:29 PM Arab Polvara widens losses in Q1-17

Cairo - Mubasher: Arab Polvara Spinning and Weaving reported a jump in losses by 1,209% year-on-year in the first quarter of 2017, as shown by the company’s financial statements. The company said in a statement to the Egyptian Exchange (EGX) on …

Financial Results

19 March 2017 09:09 AM Arab Polvara to partially resume operations in April

Cairo – Mubasher: Arab Polvara Spinning and Weaving's board approved resuming operations partially during April. The board also decided to extend the given vacation to workers until 31 March, according to a bourse filing on Thursday. In January, …

Corporate Actions

27 February 2017 09:37 AM Arab Polvara turns profitable in 2016

Cairo – Mubasher: Arab Polvara Spinning and Weaving posted on Monday a net profit of EGP 45.05 million for fiscal year 2016, against a net loss worth EGP 93.26 million for FY15. The company attributed the turn to profitability to the sale of a …

Financial Results

5 January 2017 02:03 PM Arab Polvara to restart production plants next March

Cairo – Mubasher: Arab Polvara Spinning and Weaving said it intends to restart its factors to commence production by next March. The company stated that it will restart its production plants after it finished off the maintenance works. On other …

Corporate Actions

27 November 2016 06:55 PM Arab Polvara to sell unused lands in Alexandria on 30 November

Cairo – Mubasher:  Arab Polvara Spinning and Weaving announced on Sunday selling unused land plots of 50,000 square metres at a public auction. An auction to sell two land plots of 33,000 and 17,000 square metres in El Soyof neighborhood in …

Macroeconomics

7 November 2016 01:48 PM Arab Polvara sells three land plots for EGP105.4m

Cairo – Mubasher: Arab Polvara Spinning and Weaving said it sold three land plots, through a public auction, for EGP 104.5 million. Earlier, the company’s general meeting gave a nod to selling the company’s vacant land plots. The company reported …

Corporate Actions

23 October 2016 08:31 AM Arab Polvara to auction unused land 5 Nov

Cairo – Mubasher:  Arab Polvara Spinning and Weaving said Sunday that its board of directors approved the specifications for selling unused land plots at a public auction, according to a bourse filing on Sunday. The auction will be held on 5 …

Corporate Actions

17 October 2016 09:45 AM Arab Polvara H1 losses shrink 82%

Cairo – Mubasher: Arab Polvara Spinning and Weaving recorded lower losses in the second half of the fiscal year 2015/16, according to a Monday's bourse statement. Net loss narrowed 81.7% year-on-year to EGP 9.34 million from EGP 51.25 million, the …

Financial Results

11 October 2016 04:06 PM Arab Polvara annual losses down 82%

  Cairo - Mubasher: Arab Polvara Spinning and Weaving reported an 82% retreat in losses in FY2015-2016 according to the company’s unaudited financial results. The company’s net losses declined to EGP 9.3 million in the fiscal year that ended on 30 …

Financial Results

4 September 2016 00:58 PM Arab Polvara narrows losses by 82.8% in Q1

Cairo – Mubasher: Arab Polvara Spinning said it brought down its losses by 82.8% for the first quarter of the fiscal year 2016/17. The company posted losses of EGP 5 million in Q1-2016/17, compared with EGP 29.1 million for the same period of the …

Financial Results

14 June 2016 10:15 AM Polvara shareholders OK FY13, FY14 financial results

Cairo – Mubasher: The shareholders of Arab Polvara Spinning and Weaving ratified FY13 and FY14 financial results as well as the sale of unused lands, according to a bourse filing. Further, shareholders approved settling capital reserve’s FY13 …

General Assembly

14 June 2016 09:14 AM Arab Polvara standalone losses widen 15.6% in FY15

Cairo – Mubasher: Arab Polvara Spinning and Weaving logged EGP 93 million losses ($10.4 million) during 2015, deeper 15% year-over-year from EGP 80.5 million ($9 million),  according to its standalone financial results. Revenues went down to EGP …

Financial Results

20 March 2016 09:06 AM Polvara shareholders approve sale of unused land

Cairo-Mubasher: Arab Polvara Spinning and Weaving said on Sunday that its extraordinary general meeting gave the green light for selling part or all of unused land plots. The sale proceeds will be used to upgrade some production lines and repay …

General Assembly

28 February 2016 10:23 AM CAO has reservation about Arab Polvara’s land sale

Cairo-Mubasher: Arab Polvara Spinning said the Central Auditing Organization (CAO) expressed reservations about the sale of land plots as the company has not submitted detailed feasibility studies. The organisation asked the board and shareholders …

Corporate Actions

17 February 2016 07:31 PM Polvara bankruptcy lawsuit adjourned to 9 March

Cairo-Mubasher: Arab Polvara Spinning and Weaving (APSW) said on Wednesday that the bankruptcy lawsuit filed against the company, which was scheduled to be heard today, was adjourned to 9 March. The lawsuit was adjourned to allow more time for …

Corporate Actions

11 February 2016 11:51 AM Manpower ministry to pay EGP 2.4m to Arab Polvara's workers

Cairo-Mubasher: The Ministry of Manpower and Immigration approved on Thursday to pay EGP 2.4 million as emergency aid to Arab Polvara's workers. The total amounts paid by the ministry to the company's workers reached EGP 9.4 million in four …

Companies Investments

13 January 2016 11:14 AM Arab Polvara postpones shareholders meeting

Cairo – Mubasher: The board of directors of Arab Polvara Spinning and Weaving decided to postpone the ordinary general meeting of the company. The meeting was scheduled to be held on 16 January 2016. The meeting was going to discuss the selling of …

General Assembly

29 December 2015 01:24 PM Arab Polvara shareholders to tackle selling unexploited lands

Cairo - Mubasher: Arab Polvara Spinning and Weaving said its extraordinary general meeting will discuss the selling of the company's unexploited land plots, either completely or partially. Meanwhile, the company pointed out that it will hold …

General Assembly

20 December 2015 09:35 AM Arab Polvara postpones shareholders meeting

Cairo - Mubahser: The board of directors of Arab Polvara Spinning and Weaving decided to delay the company's extraordinary general meeting, that it will be hold on 16 January 2016. The shareholders meeting will discuss the company's financial …

General Assembly

15 December 2015 09:03 AM Arab Polvara board to discuss vacant land sale 19 Dec.

Cairo-Mubasher: Arab Polvara Spinning and Weaving said the board will convene on 19 December to look into completing the sale of vacant land plots, according to a bourse statement. The move is aimed at providing the necessary liquidity for the …

Companies Investments