Unirab’s losses fall 38.5% in 2021
Updated 1/16/2022 10:20:00 AM
ArabFinance: Unirab Polvara Spinning and Weaving Company (Unirab) (APSW) announced that its board of directors has approved the unaudited financial position of the company for the year ended December 31st 2021, according to a statement filed to the Egyptian Exchange (EGX).
The company’s preliminary financial results showed it incurred a net lossafter tax of EGP 11.48 million in 2021, down from EGP 18.66 million in 2020.
Meanwhile, revenues amounted to EGP 41.82 million in 2021, up by 39.92% from EGP 29.89 million in 2020.
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.
