Cairo – Mubasher: Nile Cotton Ginning posted net profits of EGP 10 million for the second quarter of the fiscal year 2015/16, according to the company’s unaudited interim financial statements.

Meanwhile, the company reported net profits of EGP 4.7 million for the first half of FY15/16, against losses of EGP 4.1 million for the similar period of the previous year.

Earlier, the company’s unaudited financial statements for the first quarter of FY15/16 have reflected an increase of 22% in the company’s losses.