Arab Cotton Ginning's standalone profit increases to EGP 36M in FY 2020/2021
Updated 8/26/2021 5:05:00 PM
ArabFinance: Arab Cotton Ginning Company (ACGC) posted a standalone net profit of EGP 35.733 million in fiscal year (FY) 2020/2021, according to the company’s financial statements filed to the Egyptian Exchange.
This marked a Year on Year (YoY) rise of 133% when compared to EGP 15.313 million in FY 2019/2020.
In the January-March period of 2021, Arab Cotton Ginning posted a consolidated net loss of EGP 22.710 million.
ACGC is an Egypt-based company active in the textiles and clothing industry sector. The company is engaged in the cotton ginning, as well as trading of its products domestically and internationally.
