Cairo – Mubasher: The unaudited financial results of El Nasr Clothing and Textiles (KABO) revealed a marginal year-on-year decline in profits during fiscal year 2018/2019.

The company’s profits decreased to EGP 27.2 million during the period from July 2018 to June 2019, when compared to EGP 28.77 million in FY17/18, the company said in a filing to the Egyptian Exchange (EGX) on Tuesday.

Year-on-year, revenues soared to EGP 356.08 million in FY18/19 from EGP 333.6 million. 

It is worth highlighting that during the first nine-month period of FY18/19, KABO incurred losses of EGP 20.338 million, versus EGP 20.772 million worth of net profits.