Cairo - Mubasher: El Nasr Clothing and Textiles (KABO) posted profits of EGP 1.9 million in the third quarter of fiscal year 2016-2017 versus losses of EGP 2 million in the same period last year, as shown by the company’s financial statements.

Sales reached EGP 114.6 million compared to EGP 85.66 million in the same quarter of the previous year, according to the company’s statement to the Egyptian Exchange (EGX).

Independent profits reached EGP 1.66 million up from EGP 1.55 million in Q1-FY15/16.

During the nine-month period that ended 31 March 2017, KABO achieved net profits of EGP 25.03 million against losses of EGP 6.28 million in the same period of the year before.