Unirab loss shrinks
Updated 4/25/2021 2:47:00 PM
ArabFinance: Unirab Polvara Spinning and Weaving Company (Unirab) (APSW) incurred a net loss of EGP 2.813 million, recording 55.06% in quarter one (Q1) 2021, recording a 55% year-on-year decline, according to the company’s April 25th financial statements filed to the Egyptian Exchange.
In Q1 2020, Unirab suffered a net loss of EGP 6.260 million,
The company loss went up to EGP 18.666 million in 2020 from EGP 5.267 million incurred in 2019.
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.
