Spinalex announces audited FY statement
Updated 9/30/2020 4:51:16 PM
ArabFinance: Alexandria Spinning and Weaving Company (Spinalex) (SPIN) revealed on September 30th its audited income statement for fiscal year 2019/2020, according to a disclosure to the Egyptian Exchange.
The company achieved a net profit after tax of EGP 97.59 million from July 1st 2019 until June 30th 2020, lower than the EGP 1 17.59 million announced a day earlier.
Spinalex elaborated that the difference is attributed to creating a provision worth EGP 20 million.
