Cairo – Mubasher: Alexandria Spinning and Weaving Company (Spinalex) logged net profits after tax valued at EGP 25.59 million in the first quarter (Q1) of fiscal year (FY) 2023/2024, compared to EGP 1.15 million a year earlier.
The EGX-listed firm posted an annual hike in sales to EGP 108.83 million during the three-month period that ended on 30 September 2023, versus EGP 35.32 million
Basic earnings per share (EPS) stood at EGP 0.08 in Q1-23/24, higher year-on-year (YoY)than EGP 0.004, according to the income statements.
Total assets hit EGP 912.50 million at the end of September 2023, higher than EGP 888.47 million as of 30 June 2023.
In FY22/23, Spinalex posted 297% YoY higher net profit after tax at 103.91 million, versus EGP 35 million.
