Arab Polvara Spinning and Weaving (APSW)

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 …

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 …

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 …

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 …

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 …

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 …

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, …

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 …

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 …

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 …

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 …

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 …

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 …

  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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …