Unirab’s net loss climbs 73.5% YoY in 9 months
Updated 10/20/2022 9:48:01 AM
Arab Finance: Unirab Polvara Spinning and Weaving Company (Unirab) (APSW) reported a 73.65% year-on-year (YoY) hike in net loss after tax for the first nine months of 2022, according to the unaudited financial income statement filed to the Egyptian Exchange (EGX) on October 20th.
The company incurred a net loss of EGP 16.839 million in the January-September period of 2022, up from EGP 9.697 million in the year-ago period.
The company recorded revenues of EGP 28.771 million in the nine-month period ended September 30th, compared to EGP 30.844 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.
