Spinalex logs 94% plunge in H1 FY2024/25 net profits

Updated 2/16/2025 10:53:00 AM
Spinalex logs 94% plunge in H1 FY2024/25 net profits

Arab Finance: Alexandria Spinning and Weaving Company (Spinalex) posted 94% year-on-year (YoY) lower net profits after tax at EGP 4.152 million in the first half (H1) of fiscal year (FY) 2024/25, as per the financial indicators.

The registered net profits were compared with EGP 73.709 million in H1 FY2023/24.

Basic earnings per share (EPS) plummeted to EGP 0.013 at the end of December 2024 from EGP 0.230 in the year-ago period.

Meanwhile, the sales hiked by 25% YoY to EGP 366.595 million in H1 FY2024/25 from EGP 294.166 million.

In FY2023/24, the net profits after tax jumped by 128% YoY to EGP 115.233 million from EGP 89.864 million.

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