Arab Cotton Ginning’s consolidated profits rise 209% YoY in 9 months

The company earned EGP 380.137 million in net profits during the nine-month period, compared to EGP 123.041 million over the same period a year ago

Staff Writer, Arab Finance

July 31, 2024

PHOTO

Arab Finance: Arab Cotton Ginning Company (ACGC) reported a 209% year-on-year (YoY) surge in consolidated net profits after tax and non-controlling interest in the first nine months of fiscal year (FY) 2023/2024, as per the financial indicators.

The company earned EGP 380.137 million in net profits during the nine-month period, compared to EGP 123.041 million over the same period a year ago.

Meanwhile, revenues grew to EGP 2.615 billion from EGP 1.686 billion.

ACGC is an Egypt-based company active in the textiles and clothing industry sector. The company is engaged in cotton ginning, as well as trading of its products domestically and internationally.

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