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Egypt: Arafa Holding Co.'s net profits jumped by 68 percent in year ended January
Arafa Holding, Egypt's biggest garment exporter, said on Monday that consolidated net profit for the 12 months to Jan. 31 jumped by 68 percent from a year earlier.
Egytex News Desk
Source: Egytex.com
The firm, which specialises in men's wear and exports 75 percent of its goods, mainly to Europe, said revenue had been reduced after it divested two of its units, SRG & Melka, during 2010.
Net profit rose to $17.1 million from $10.2 million a year earlier, while revenue dropped 14.8 percent to $283.3 million.
Source: Egytex.com
From the Egytex news archive, first published on 5 May 2011. Figures and names are as reported at the time.
