Arab Polvara Spinning's losses shrink to EGP 5.3M

Updated 2/23/2020 3:33:00 PM

ArabFinance: Arab Polvara Spinning & Weaving Company (APSW) announced, in a statement sent to EGX, the Board of Directors (BoD) held on Feb. 22.

The company's BoD approved financial results for the financial period ending Dec. 31, 2019, which revealed incurring tax-deducted losses of EGP 5.267 million, compared to net losses of EGP 6.441 million a year earlier, with an 18.23% losses decrease.