El Nasr Clothing and Textiles (KABO)

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News

7 December 04:39 PM KABO unveils international agreements, expansion plan including export lines

Cairo - Mubasher: El-Nasr Clothing and Textiles Company (KABO) announced a development plan to boost the export production lines and carry out a comprehensive expansion of El-Amreya and El-Hadara factories. KABO intends to increase the daily …

Event

16 January 2023 10:11 AM KABO prepays EGP 9m loan to EBE

Cairo – Mubasher: El Nasr Clothing and Textiles (KABO) has prepaid the EGP 9 million loan it had obtained from the Export Development Bank of Egypt (EBE) from the company’s own resources.        KABO added it has not made any decisions so far …

Banking and Finance

12 February 2020 01:18 PM KABO H1 profits down 60% on lower revenue

Cairo – Mubasher: The profits of El Nasr Clothing and Textiles (KABO) decreased by 60.46% on an annual basis during the first half (H1) of fiscal year (FY) 2019/2020, due to lower revenues. Profits shrank to EGP 7.3 million during the six-month …

Financial Results

24 October 2019 03:15 PM KABO uses total capital raise proceeds of EGP 57m

Cairo – Mubasher: El Nasr Clothing and Textiles (KABO) used the total proceeds of the capital raise subscription amounting to EGP 57.31 million at the end of last June. An amount of EGP 16.03 million was used to increase the capital of Alexandria …

Corporate Actions

26 September 2019 02:11 PM KABO turns to loss in FY18/19

Cairo – Mubasher: The consolidated financial statements of El Nasr Clothing and Textiles (KABO) revealed a year-on-year turn to losses during fiscal year 2018/2019. The losses of the period totaled EGP 35.25 million from July 2018 to June 2019, …

Financial Results

24 September 2019 01:29 PM KABO's unaudited financials log EGP 27m profits in FY18/19

Cairo – Mubasher: The unaudited financial results of El Nasr Clothing and Textiles (KABO) revealed a marginal year-on-year decline in profits during fiscal year 2018/2019. The company’s profits decreased to EGP 27.2 million during the period from …

Financial Results

15 May 2019 03:41 PM KABO’s standalone profit rises 13.5% in 9M

Cairo – Mubasher: El Nasr Clothing and Textiles (KABO) reported a 13.5% year-on-year increase in its non-consolidated profits during the first nine months of fiscal year 2018/2019. KABO’s net profits amounted to EGP 26.12 million from July 2018 to …

Financial Results

13 June 2018 00:54 PM KABO EGM nods to EGP 100m capital top-up

Cairo – Mubasher: The extraordinary general meeting (EGM) of El Nasr Clothing and Textiles (KABO) has agreed to boost issued capital to EGP 507.38 million from EGP 407.3 million The EGM has approved a capital raise of EGP 100 million through …

Corporate Actions

30 May 2017 01:30 PM KABO turns profitable in Q1-17

Cairo - Mubasher: El Nasr Clothing and Textiles (KABO) posted profits of EGP 1.9 million in the third quarter of fiscal year 2016-2017 versus losses of EGP 2 million in the same period last year, as shown by the company’s financial statements. …

Financial Results

18 January 2017 11:26 AM Kabo shareholders nod for capital top-up

Cairo – Mubasher: The extraordinary general meeting of El Nasr Clothing and Textiles (Kabo) approved increasing the company’s capital to EGP 468.6 million from EGP 338.6 million, said the company in a bourse filing. The top-up will be effected …

General Assembly

9 January 2017 04:04 PM Investor ups stake in KABO to 23.91%

Cairo – Mubasher: An investor raised his stake in El Nasr Clothing and Textiles – KABO from 19.96% to 23.91%, according to a bourse filling. The investor raised his stake through buying 13.37 million shares worth EGP 14.5 million at EGP 1.09 per …

Corporate Actions

25 December 2016 04:08 PM KABO to discuss capital hike 17 January

Cairo - Mubasher: El Nasr Clothing and Textiles (KABO) announced that its extraordinary general meeting (EGM) on 17 January will discuss raising the company’s capital by EGP 130 million, according to a bourse filing. The capital increase from EGP …

General Assembly

21 December 2016 04:07 PM Egypt’s bourse approves listing KABO post - capital increase shares

Cairo – Mubasher: The listing committee of the Egyptian Exchange gave a nod to listing El Nasr Clothing and Textiles (KABO) post - capital increase shares. KABO raised its capital from EGP 338.6 million to EGP 468.6 million. KABO logged losses of …

Corporate Actions

15 December 2016 05:17 PM KABO files with EGX for listing post capital increase shares

Cairo – Mubasher El Nasr Clothing and Textiles said it submitted a disclosure report to the Egyptian Exchange (EGX) to list its post – capital increase shares. EGX stated that it is currently studying KABO request. Earlier, the company raised its …

Corporate Actions

13 December 2016 00:20 PM KABO board approves capital hike

Cairo – Mubasher: El Nasr Clothing and Textiles (KABO) said its board of directors approved raising its capital by EGP 310 million. The company’s issued capital will increase from EGP 338.6 million to EGP 468.6 million, through a right issue for …

Corporate Actions

29 November 2016 02:21 PM KABO suffers losses of EGP 6.21m in Q1

Cairo – Mubasher: El Nasr Clothing and Textiles (KABO) logged EGP 6.21 million losses for the first quarter of FY 2016/17, compared with EGP 6.17 million for the same period of the period of the previous year. As for the first nine months of 2016, …

Financial Results

24 November 2016 05:36 PM KABO suffers EGP 983,600 losses in Q3

Cairo – Mubasher: El Nasr Clothing and Textiles (KABO) posted net losses of EGP 983,600 for the third quarter of 2016 compared with EGP 917,400 for the same period of the previous year. The company reported as well revenues of EGP 42.07 million …

Financial Results

27 September 2016 11:37 AM KABO profits up 14% in FY15/16

Cairo – Mubasher: El Nasr Clothing and Textiles’ (KABO) reported an increase of 14% in net profits for the fiscal year 2015/16. KABO posted net profits of EGP 10.75 million in FY15/16, up from EGP 9.43 a year earlier. KABO reported earlier its …

Financial Results

24 May 2016 11:03 AM KABO trims Q1 losses by 44%

Cairo – Mubasher: El Nasr Clothing and Textiles’ (KABO) consolidated losses shrank in the first quarter of fiscal 2016 by 43.7% year-on-year. Net losses reached EGP 6.3 million ($711,360) in Q1-16, versus EGP 11.2 ($1.2 million) in Q1-15, …

Financial Results

15 May 2016 00:55 PM KABO’s profit increases 133% in 9M

Cairo – Mubasher: El Nasr Clothing and Textiles’ (KABO) profits rose in the first nine months of fiscal 2015-16 by 132.7% year-on-year. Net profit reached EGP 5.9 million ($666,000) in the nine-months period, versus EGP 2.54 million ($286,700) in …

Financial Results

22 February 2016 04:56 PM KABO narrows losses by 60% in 6M

Cairo – Mubasher: El Nasr Clothing and Textiles (KABO) reported a decline of 59.6% in net losses for the first half of the fiscal year 2015/16. The company posted EGP 4.3 million in losses in H1-FY15/16, compared with EGP 10.6 million a year …

Financial Results

26 November 2015 11:09 AM KABO narrows losses by 45% in Q1

Cairo - Mubasher: El Nasr Clothing and Textiles (KABO) brought down its losses by 45% to EGP 6.2 million in the first quarter of the fiscal year 2015/16, the company announced in a bourse filing Thursday. The company earlier logged losses of EGP …

Financial Results

15 November 2015 00:34 PM KABO narrows losses by 75.6% in Q1

Cairo-Mubasher: El Nasr Clothing and Textiles -KABO brought down its losses by 75.6% in the first quarter of the fiscal year 2015/16, as it reached EGP 917,000. The company reported losses of EGP 3.77 million in the similar period of the previous …

Financial Results

30 September 2015 01:05 PM KABO widens losses by 14.2% in FY14/15

Cairo-Mubasher: El Nasr Clothing and Textiles -KABO's net losses widened 14.2% to EGP 33.16 million in the fiscal year 2014/15, compared with EGP 29 million in the previous year. Meanwhile, the firm saw revenues of EGP 375.6 million in FY14/15, …

Financial Results

24 February 2015 10:47 AM KABO narrows loss by 39% in 6m

El Nasr Clothing and Textiles -KABO disclosed its financial statements for the first half of the fiscal year 2014-2015. The statements have reflected net loss of EGP10.3 million ($1.4 million) against EGP17.3 million ($2.3 million) for the …

Financial Results