Cairo – Mubasher: Nile Cotton Ginning turned to net losses of EGP 3.23 million in the first quarter (Q1) of fiscal year 2020/2021, against net profits of EGP 467,172 in the year-ago period.
The company generated EGP 75,036 in revenue in the July-September period, up from EGP 9,130 in the corresponding period a year earlier, according to a bourse disclosure on Tuesday.
During FY19/20, the company logged net profits of EGP 54.48 million, up from EGP 7.8 million a year earlier.
