Arab Finance: Arab Cotton Ginning Company’s standalone net profits after tax dropped 16.6% year on year (YoY) to EGP 10.131 million in the first quarter (Q1) of fiscal year (FY) 2023/2024, compared to EGP 12.149 million, as per a filing on November 26th.
ACGC is an Egypt-based company active in the textiles and clothing industry sector. The company is engaged in cotton ginning, as well as trading of its products domestically and internationally.