ArabFinance: Unirab Polvara Spinning and Weaving Company (Unirab) (APSW) reported a net loss of EGP 6.360 million for Quarter one (Q1) of 2020, compared to a net profit of EGP 1.054 million the corresponding period, according to the company's statement filed to the Egyptian Exchange.  

In April, the company noted that it suffered a net loss of EGP 5,266,693 in 2019, a decrease from EGP 6,440,923 incurred in 2018.

Unirab is an Egypt-based company engaged in textile manufacturing and yarn weaving. It is specialized in trading and exporting cotton yarn, wool yarn, silk and linen fabrics, synthetic fibers, and other types of colored textiles and polyester sewing threads.