Arab Finance: Alexandria Spinning and Weaving Company’s (Spinalex) (SPIN) net profits after tax increased by 297% year on year (YoY) during the previous fiscal year (FY) 2022/2023, according to a statement filed to the Egyptian Exchange (EGX) on August 27^th.

The company achieved net profits after tax amounting to EGP 103.911 million during the July 2022-June 2023 period, up from EGP 35.004 million a FY earlier.

Revenues jumped by 163% to EGP 279.143 million in the FY ended June 30th, from EGP 171.495 million in the year-ago period.

Spinalex is an Egypt-based public shareholding company engaged in the cotton and textile industries through manufacturing, trading, and exporting cotton flowers, yarn, thread, cotton fibres, and related textile products.

The company’s yarn manufacturing plant consists of cotton blowing, carding, drawing, roving, spinning, and winding mills.

Al Khair River’s profits grow 46.63% YoY in 9 months Updated 12/24/2025 11:07:00 AM

Gadwa’s consolidated profits fall 46.6% YoY in 9 months Updated 11/27/2025 10:24:00 AM

Pioneers properties' consolidated profits drop 76.9% YoY in 9 months Updated 11/27/2025 9:26:00 AM

Panda turns to losses in 9 months Updated 11/23/2025 9:42:00 AM

EFG Holding’s consolidated profits drop 13.44% YoY in 9 months Updated 11/19/2025 1:29:00 PM