Rubex International’s net losses fall 86.4% YoY in H1
Updated 8/16/2023 11:29:00 AMArab Finance: Rubex International for Plastic and Acrylic Manufacturing (RUBEX) has reported an 86.35% year-on-year (YoY) decline in net loss after tax during the first half (H1) of 2023, according to the financial statement filed to the Egyptian Exchange (EGX) on August 16th.
The company has recorded EGP 514,763 in net loss after tax in H1 2023, compared to EGP 3.771 million in the same period last year
Sales rose to EGP 113.089 million in H1 2023 from EGP 91.782 million in H1 2022.
Established in 1987, Rubex operates a group of factories producing various types of plastic and acrylic products, in addition to other feeder factories and production outlets
