Arab Finance: Arabia Cotton Ginning Company’s (ACGC) consolidated net profits after tax and minority interest rose 15.7% year on year (YoY) in in the first half (H1) of fiscal year (FY) 2022/2023 to EGP 30.47 million, compared to EGP 26.34 million, the income statement showed on April 4^th.

Revenues reached EGP 560.7 million in the six-month period ended December 31^st, 2022, from EGP 532.07 million in H1 FY 2021/2022.

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

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