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 standalone profits for the first nine – months of FY15/16 that stood at EGP 5.9 million, against losses of EGP 6.3 for the similar period of the previous year.