El Nasr Clothing’s consolidated profits hike 642.3% YoY in 9 months
Updated 6/25/2023 10:14:00 AMArab Finance: El Nasr Clothing and Textiles (KABO) reported a 642.35% year-on-year (YoY) surge in consolidated net profit during the first nine months of the current fiscal year (FY) 2022/2023, according to the company’s financial statements filed to the Egyptian Exchange (EGX) on June 25th.
The company’s consolidated net profit stood at EGP 45.478 million in the nine-month period ended March 31st, 2023, compared to EGP 6.126 million in the same period a FY earlier.
Net sales hit EGP 395.944 million during the July 2022-March 2023 period, up from EGP 258.139 million during the first nine months of the elapsed FY 2021/2022.
The firm achieved standalone net profits after tax amounting to EGP 20.578 million during the first nine months of the current FY, up from EGP 155,324 during the same period a FY earlier.
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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