Arab Finance: Arab Cotton Ginning Company witnessed 93% year-on-year (YoY) lower consolidated net profits after tax at EGP 18.929 million in the first six months of fiscal year (FY) 2024/2025, as per the financial indicators.
The recorded net profits were compared with EGP 157.086 million in the six-month period that ended on December 31st, 2023.
Basic earnings per share (EPS) plunged by 94% to EGP 0.07 from EGP 1.15, while the sales dropped by 30% to EGP 958.813 million from EGP 1.368 billion.