Unirab Polvara reports 18% loss decline
Updated 4/29/2020 2:19:00 PM
ArabFinance: Unirab Polvara Spinning and Weaving Company (APSW) posted an 18% Year on Year decrease in its net loss in 2019, according to the company’s April 28thfinancial statements.
Net loss reached EGP 5,266,693 in 2019, a decrease from EGP 6,440,923 incurred in the same a year earlier.
Unirab is an Egypt-based company engaged in textile manufacturing and yarn weaving. It is specialized in trading and exporting cotton yarn, wool yarn, silk and linen fabrics, synthetic fibers, and other types of colored textiles and polyester sewing threads.
