SPIN’s Profits downed %57.4

Alexandria Spinning & Weaving Company (SPIN) has achieved net profits of L.E6.339 million, during the first half of the fiscal year 2011/2012, with a slide of %57.4, compared to the net profits of L.E14.887 million for the first half of the fiscal year 2010/2011.

SPIN’s net sales have downed to reach L.E99.493 million, compared to L.E112.697 million for the previous period. In addition the total profits after excluding sales cost have also downed to reach L.E20.921 million, compared to L.E33.391 million.

The operating profits, after excluding the total expenses, have also witnessed a slide to reach L.E8.613 million, compared to L.E22.730 million during the first half of the fiscal year 2010/2011.

Through the profits of this period – the stock valued at L.E0.019, compared to L.E0.045 for the first half of the fiscal year 2010/2011.