Alexandria Spinning and Weaving (SPIN)

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News

14 October 02:10 PM Spinalex ends FY24/25 with over EGP 13.5m net losses

Cairo – Mubasher: Alexandria Spinning and Weaving Company (Spinalex) incurred net losses after tax valued at EGP 13.61 million in fiscal year (FY) 2024/25, against net profits of EGP 115.232 million in FY23/24. Revenues witnessed an annual growth …

Financial Results

10 June 12:48 PM Spinalex shifts to net losses in 9M-24/25

Cairo – Mubasher: Alexandria Spinning and Weaving Company (Spinalex) turned to net losses after tax amounting to EGP 13.59 million in the first nine months (9M) of fiscal year (FY) 2024/25, versus net profits of EGP 103.23 million a year earlier. …

Financial Results

19 May 06:28 PM Spinalex increases paid-up capital by EGP 80m upon shareholders’ approval

Cairo – Mubasher: The shareholders of Alexandria Spinning and Weaving Company (Spinalex), during the extraordinary general meeting (EGM), agreed to raise the paid-up capital by EGP 80.16 million. Spinalex’s increase amount will be distributed over …

Corporate Actions

28 November 2024 03:50 PM Spinalex records nearly EGP 27m profits in Q1-24/25

Cairo – Mubasher: Alexandria Spinning and Weaving Company (Spinalex) posted net profits after tax valued at EGP 26.82 million in the first quarter (Q1) of fiscal year (FY) 2024/2025. The recorded net profits were higher by 5% than EGP 25.59 …

Financial Results

29 September 2024 10:40 AM Spinalex unveils 128% higher profits in FY23/24, bonus shares

Cairo – Mubasher: Alexandria Spinning and Weaving Company (Spinalex) recorded 128% year-on-year (YoY) higher net profits after tax at EGP 115.23 million in fiscal year (FY) 2023/2024. The generated net profits were compared with EGP 89.86 million, …

Board of Directors

5 June 2024 01:41 PM Spinalex’s profits jump to EGP 103m in 9M-23/24

Cairo – Mubasher: Alexandria Spinning and Weaving Company (Spinalex) logged net profits after tax worth EGP 103.23 million in the first nine months (9M) of fiscal year (FY) 2023/2024, an annual leap from EGP 69.86 million. The sales hiked to EGP …

Financial Results

19 February 2024 00:35 PM Spinalex achieves nearly EGP 74m profits in H1-23/24

Cairo – Mubasher: The net profits after tax of Alexandria Spinning and Weaving Company (Spinalex) reached EGP 73.70 million in the first half (H1) of fiscal year (FY) 2023/2024. The recorded net profits were higher by 433% year-on-year (YoY) than …

Financial Results

28 November 2023 10:35 AM Spinalex unveils cash dividends for FY22/23

Cairo – Mubasher: The shareholders of Alexandria Spinning and Weaving Company (Spinalex) approved cash dividends amounting to EGP 16.03 million for fiscal year (FY) 2022/2023. Spinalex will disburse a dividend of EGP 0.05 per share on 14 December …

General Assembly

19 November 2023 04:51 PM Spinalex generates higher profits in Q1-23/24

Cairo – Mubasher: Alexandria Spinning and Weaving Company (Spinalex) logged net profits after tax valued at EGP 25.59 million in the first quarter (Q1) of fiscal year (FY) 2023/2024, compared to EGP 1.15 million a year earlier. The EGX-listed firm …

Financial Results

27 August 2023 00:24 PM Spinalex logs EGP 104m profits in FY22/23

Cairo – Mubasher: The net profits after tax of Alexandria Spinning and Weaving Company (Spinalex) hit EGP 103.91 million during fiscal year (FY) 2022/2023. The recorded profits were higher by 297% year-on-year (YoY) than EGP 35 million, according …

Financial Results

15 May 2023 01:42 PM Spinalex witnesses 306% leap in 9M-22/23 net profit

Cairo – Mubasher: Alexandria Spinning and Weaving Company (Spinalex) achieved net profits after tax worth EGP 67.94 million in the first nine months (9M) of fiscal year (FY) 2022/2023, signalling a 306% jump from EGP 16.75 million in 9M-21/22. The …

Financial Results

5 February 2023 04:17 PM Spinalex posts 152% higher profits in H1-22/23

Cairo – Mubasher: Alexandria Spinning and Weaving Company (Spinalex) witnessed a 152% hike in net profit after tax to EGP 13.55 million during the first half (H1) of fiscal year (FY) 2022/2023, versus EGP 5.37 million in H1-21/22. Revenues stood …

Financial Results

30 October 2022 00:12 PM Spinalex’s profits slide 42% in Q1-FY22/23

Cairo – Mubasher: Alexandria Spinning and Weaving (Spinalex) logged net profits after tax of EGP 1.15 million during the first quarter (Q1) of FY22/23, a drop of 42% from EGP 1.97 million in the year-ago quarter. The company’s revenues went down …

Financial Results

12 May 2022 11:08 AM Spinalex turns to profitability in 9M

Cairo – Mubasher: Alexandria Spinning and Weaving (Spinalex) has achieved net profits of EGP 16.75 million in the first nine months (9M) of fiscal year (FY) 2021/2022, against net losses of EGP 19.40 million in the year-ago period. The company …

Financial Results

26 September 2021 11:08 AM Spinalex swings to loss in FY20/21 initial financials

Cairo – Mubasher: Alexandria Spinning and Weaving (Spinalex) turned to net losses of EGP 41.88 million in fiscal year (FY) 2020/2021, against net profits of EGP 97.59 million a year earlier, the unaudited financial results showed.  The revenues …

Financial Results

23 June 2020 01:38 PM Mir Insurance sells shares in 2 firms, trims several stakes

Cairo – Mubasher: Misr Insurance Company and Misr Life Insurance Company lowered their stakes in Abu Qir Fertilizers, Misr Asset Management said in a statement to the Egyptian Exchange (EGX) on Tuesday. Misr Insurance Company sold 12.9 million …

Insider Trading & Treasury Stocks

12 February 2020 00:34 PM Spinalex narrows losses in H1-FY19/20

Cairo – Mubasher: Alexandria Spinning and Weaving (Spinalex) reported a decline in losses by 39.4% during the first half (H1) of fiscal year (FY) 2019/2020, according to a statement to the Egyptian Exchange (EGX) on Wednesday. Losses amounted to …

Financial Results

6 January 2020 02:56 PM Spinalex nods capital reduction by EGP 144m

Cairo – Mubasher: The board of Alexandria Spinning and Weaving (Spinalex) approved decreasing the company’s capital and retained losses by EGP 144 million. The company’s board also approved paying nearly EGP 20 million as compensation to employees …

Board of Directors

11 November 2019 04:13 PM Spinalex’s losses widen to EGP 9m in Q1-19/20

Cairo – Mubasher: Alexandria Spinning and Weaving (Spinalex) reported a 112% year-on-year hike in its net losses during the first quarter of fiscal year 2019/2020, dragged by lower sales. The company suffered net losses of EGP 9.007 million in the …

Financial Results

4 September 2019 00:22 PM Spinalex’s FY18/19 unaudited financials show EGP 62m loss

Cairo – Mubasher: Alexandria Spinning and Weaving (Spinalex) announced turning to loss during fiscal year 2018/2019, according to the company’s financial indicators. The company incurred net losses of EGP 62.46 million from July 2018 to last June, …

Financial Results

25 October 2018 04:05 PM Spinalex trims losses by 8% in Q1

Cairo – Mubasher: The financial indicators of Alexandria Spinning and Weaving (Spinalex) showed a 7.8% year-on-year decline in losses for the first quarter of fiscal year 2018/2019. Net loss amounted to EGP 4.23 million in the three-month period, …

Financial Results

13 June 2018 00:28 PM Spinalex EGM nods to EGP 45m capital hike

Cairo – Mubasher: The extraordinary general meeting (EGM) of Alexandria Spinning and Weaving (Spinalex) has agreed to raise issued and paid-up capital to EGP 641.4 million from EGP 596.4 million. The EGM has approved a capital increase of EGP 45 …

General Assembly

30 January 2017 00:03 PM Spinalex turns to profitability in Q2

Cairo – Mubasher: Alexandria Spinning and Weaving (Spinalex) said its financial indicators for the second quarter of the fiscal year 2016 – 2017 reflected net profits of EGP 33.2 million. Spinalex posted EGP 9.5 million in losses in the similar …

Financial Results

25 October 2016 11:46 AM Alexandria Spinning sees lower Q1 losses

Cairo – Mubasher: Alexandria Spinning and Weaving said its net loss for the first quarter of 2016/17 narrowed 5.7% year-on-year to EGP 13.9 million from EGP 14.7 million, according to a bourse filing.   Sales decreased to EGP 43.8 million, lower …

Financial Results

22 August 2016 11:24 AM Alexandria Spinning posts EGP 8.48m losses in Q4

Cairo – Mubasher: Alexandria Spinning and Weaving (SPINALEX) said it reported net losses of EGP 8.48 million for the fourth quarter of the fiscal year 2015/16, compared with EGP 8.66 million for the same period of the previous year. The company …

Financial Results