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KABO’s profit increases 133% in 9M

KABO’s profit increases 133% in 9M
Photo credit: Arabianeye - Reuters
KABO
KABO
2.19% 6.06 0.13

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 FY14-15.

The company earlier posted net losses of EGP 4.3 million in the first half of FY 15-16.