El Nasr Clothing’s consolidated profits soar 534% YoY in Q1 FY2023/24

Updated 1/23/2024 10:10:00 AM
 
El Nasr Clothing’s consolidated profits soar 534% YoY in Q1 FY2023/24

Arab Finance: El Nasr Clothing and Textiles (KABO) reported a 533.8% year-on-year (YoY) hike in consolidated net profits after tax and non-controlling interest during the first quarter (Q1) of the fiscal year (FY) 2023/2024, the firm disclosed on January 23rd.

The company’s consolidated net profits came in at EGP 26.109 million in Q1 of the current FY, compared to EGP 4.119 million in Q1 of last FY.

Meanwhile, net sales went up to EGP 192.377 million from EGP 93.287 million.

KABO is an Egypt-based company, operating within the production of underwear for men, women, and children of all ages. It sells its products in Egypt, the Middle East, as well as Africa.

 

 

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