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KABO widens losses by 14.2% in FY14/15

KABO widens losses by 14.2% in FY14/15
Photo Credit: Arabianeye- Reuters
KABO
KABO
22.35% 6.24 1.14

Cairo-Mubasher: El Nasr Clothing and Textiles -KABO's net losses widened 14.2% to EGP 33.16 million in the fiscal year 2014/15, compared with EGP 29 million in the previous year.

Meanwhile, the firm saw revenues of EGP 375.6 million in FY14/15, compared with EGP 408.6 million in the previous year.

KABO succeeded in narrowing its losses by nearly 56.3% in the first nine months of FY14/15.

The Egyptian listed firm is capitalised at EGP 338.6 million, distributed across 338.6 million shares at EGP 1 par value each.