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KABO narrows losses by 60% in 6M

KABO narrows losses by 60% in 6M
Photo Credit: Arabianeye - Reuters
KABO
KABO
-4.91% 6.01 -0.31

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 earlier.

In the second quarter of FY15/16, the firm’s losses amounted to EGP 1.9 million, compared with EGP 689,500 for the same period a year earlier.