ArabFinance: Unirab Polvara Spinning and Weaving Company (Unirab) (APSW) announced that the board of directors has approved the company’s unaudited financial results for the first nine months of 2021, according to a statement filed to the Egyptian Exchange (EGX).

The company’s net loss after tax dropped by 28.7% to EGP 9.69 million in the January-September period of 2021 from EGP 13.6 million in the prior-year period.

Revenues amounted to EGP 30.84 million in the first nine months of 2021, up by 35.66% from EGP 22.73 million in the same period of 2020.

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.