EGYPT: El Nasr Clothing & Textile Co (Kabo) reported a net loss of L.E 10.7 million for the 9 months to end-March.
Egyptian garment maker El Nasr Clothing & Textile Co (Kabo) reported a net loss of 10.7 million Egyptian pounds ($1.8 million) for the nine months to end-March, the stock exchange said on Monday.
Egytex News Desk
Source: Reuters.com
The firm had posted a net loss of 6.9 million pounds in the same period a year earlier, the exchange added.
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 Britain, 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.
Source: Reuters.com
From the Egytex news archive, first published on 16 June 2011. Figures and names are as reported at the time.
