EGYPT: EL Nasr Clothing declared a net loss for six months to end-December.
Egyptian garment maker El Nasr Clothing & Textile Co (Kabo) reported a net loss of 429,291 Egyptian pounds ($72,870) for the six months to end-December, the stock exchange said on Tuesday.
Egytex News Desk
Source: Egytex.com
The firm posted a net loss of 2.6 million pounds in the same period of 2009, the exchange added.
On Jan. 18, Kabo reported unaudited net profit for July-Dec 2010 of 3.36 million pounds versus 860,000 for the same period a year earlier.
Kabo, which produces underwear, nightwear and outerwear for men, women and children, exports 28 percent of its output. Twenty percent of exports are sold in non-Arab countries, mainly the United Kingdom, Germany and France, under private labels such as Britain's Tesco.
The remaining 8 percent of Kabo's exports are sold in Arab countries under the company's flagship brand Jil. (Reporting by Shaimaa Fayed) ($1=5.890 Egyptian Pound).
Source: Egytex.com
From the Egytex news archive, first published on 29 March 2011. Figures and names are as reported at the time.
