Unirab widens losses by 58.7% YoY in H1
Updated 10/9/2022 9:48:08 AM
Arab Finance: Unirab Polvara Spinning and Weaving Company (Unirab) (APSW) has reported a 58.7% year-on-year (YoY) surge in net loss after tax for the first half (H1) of 2022, according to the financial income statement filed to the Egyptian Exchange (EGX) on October 9th.
Net loss amounted to EGP 10.93 million in H1 2022, up from EGP 6.88 million in H1 2021.
The company recorded revenues of EGP 19.03 million in H1 2022, compared to EGP 20.35 million in the same period last year.
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.
