Rubex International’s losses inch up 3% YoY in 9 months

Updated 11/15/2023 11:43:00 AM
Rubex International’s losses inch up 3% YoY in 9 months

Arab Finance: Rubex International for Plastic and Acrylic Manufacturing (RUBEX) reported a 2.6% year-on-year (YoY) uptick in net losses after tax in the first nine months of 2023, according to the financial statement filed to the Egyptian Exchange (EGX) on November 15th.

The company recorded EGP 3.992 million in net losses after tax in the nine-month period, compared to EGP 3.889 million in the same period last year.

Sales rose to EGP 158.027 million at the end of September from EGP 151.825 million in the same period of 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.

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