ArabFinance: Unirab Polvara Spinning and Weaving Company (Unirab) (APSW) reported a 254% Year on Year rise in its net loss in 2020, according to the company’s March 7th financial statements filed to the Egyptian Exchange.

Net loss stood at EGP 18.666 million in 2020, compared to EGP 5.267 million incurred in 2019.

The company posted incurred a net loss of EGP 13.601 million in the January-September period of 2020, compared to EGP 5.735 million achieved in the prior-year period.

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.