Arab Polvara posts EGP 1.1M profits in FY 18/19

Updated 4/30/2019 11:27:11 AM

ArabFinance: Arab Polvara Spinning & Weaving Company (APSW) achieved net profits after taxes of EGP 1.05 million in the fiscal year ended on March 31, 2019, as per a bourse filing on Tuesday.

The company recorded EGP 3.6 million losses in the previous fiscal year.

on April 1, the company's board approved the unaudited financial statements for the fiscal period starting on March 31, 2018 and ending on March 31, 2019.