Cairo – Mubasher: Arafa for Investment and Consultancies expected its sales to grow in fiscal year 2017-2018 to $300 million.

The company plans to raise its stake in Egypt’s total exports of ready-made garments to 14%, a bourse filing said on Monday.

Arafa earlier reported a fall of 10.7% in its consolidated revenue for FY16/17 to $240.9 million from $269.9 million for FY15/16.

The stock stood at $0.15 on Sunday.