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Egypt's Arafa Feb-April net profit jumps: bourse

Arafa Holding, Egypt's biggest garment exporter, posted a more than five-fold rise in net profit for the Feb-April period, the bourse said in a statement on Thursday

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The firm's net profit was $13.3 million in the Feb-April period, up from $2.6 million in the same period a year ago, the statement said. The period is the first quarter of Arafa's financial year, which ends on January 31.

Source: Reuters

From the Egytex news archive, first published on 18 June 2010. Figures and names are as reported at the time.

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