Latest news with #Spinalex
Zawya
2 days ago
- Business
- Zawya
Egypt: Spinalex turns to $261,503 losses in 9 months
Arab Finance: Alexandria Spinning and Weaving Company (Spinalex) incurred net losses after tax worth EGP 13.598 million in the first nine months of fiscal year (FY) 2024/2025, as per the financial results. The reported net losses were compared with net profits valued at EGP 103.238 million in the corresponding nine months of FY 2023/2024. Spinalex recorded 26% year-on-year (YoY) higher revenues at EGP 553.261 million in the period from July 2024 to March 2025, versus EGP 440.422 million. Basic loss per share reached EGP 0.04 at the end of March 2025, against a profit per share of EGP 0.32 in the first nine months of FY 2023/2024. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
3 days ago
- Business
- Zawya
Egypt: Spinalex shifts to net losses in 9M-24/25
Cairo – Alexandria Spinning and Weaving Company (Spinalex) turned to net losses after tax amounting to EGP 13.59 million in the first nine months (9M) of fiscal year (FY) 2024/25, versus net profits of EGP 103.23 million a year earlier. Basic loss per share reached EGP 0.04 as of 31 March 2025, against an earnings per share (EPS) of EGP 0.32 in 9M-23/24, according to the unaudited financial results. Sales hiked by 26% year-on-year (YoY) to EGP 553.26 million in the July 2024-March 2025 period from EGP 440.42 million. In May, the company's shareholders approved increasing the paid-up capital to EGP 721.44 million from EGP 641.28 million. All Rights Reserved - Mubasher Info © 2005 - 2022 Provided by SyndiGate Media Inc. (
Zawya
24-02-2025
- Business
- Zawya
Egypt: Spinalex's EGM greenlights capital hike
Arab Finance: Alexandria Spinning and Weaving Company's (Spinalex) extraordinary general meeting (EGM) agreed to increase its issued capital to EGP 721.441 million from EGP 641.281 million, as per a bourse disclosure. The company will raise its capital by EGP 80.160 million distributed over 40.08 million shares, with a nominal value of EGP 2 per share. The capital hike will be financed from the company's retained earnings per the period ended June 30th, 2024. In the first half (H1) of fiscal year (FY) 2024/25, the EGX-listed firm's net profits plunged by 94% to EGP 4.152 million from EGP 73.709 million in H1 FY2023/24. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
