State-owned Nile Cotton Ginning Q1 loss hits 1.5 mln Egyptian pounds

By Yomna Yasser On Oct 25, 2017

Egypt’s state-run Nile Cotton Ginning Company’s first-quarter net loss after tax reached 1.5 million Egyptian pounds ($84,985 million), the company said Wednesday in a bourse filling.

Earlier, loss stood at 2.5 million pounds during the first quarter of 2016.

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