Unirab’s losses widen 10% YoY in H1 2024

Updated 7/29/2024 9:49:00 AM
Unirab’s losses widen 10% YoY in H1 2024

Arab Finance: Unirab Polvara Spinning and Weaving Company (Unirab) posted a 10.1% year-on-year (YoY) increase in net losses after tax in the first half (H1) of 2024, according to the financial indicators.

The firm incurred net losses after tax of EGP 9.595 million in H1 2024, up from EGP 8.715 million in the same period a year earlier.

Meanwhile, revenues rose to EGP 48.205 million from EGP 27.206 million.

Unirab is an Egypt-based company engaged in textile manufacturing and yarn weaving. It specializes in trading and exporting cotton yarn, wool yarn, silk and linen fabrics, synthetic fibers, and other types of colored textiles and polyester sewing threads.

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