Arabia Cotton Ginning’s standalone profits rise 131% YoY in FY2022/23

Arabia Cotton Ginning’s standalone profits rise 131% YoY in FY2022/23

Arabia Cotton Ginning’s standalone profits rise 131% YoY in FY2022/23WORLDMiddle EastAfricaIndian Sub-continentChina and Asia Pacific UK and EuropeAmericasRussiaECONOMYGlobalGCCAfricaLevantNorth AfricaISLAMIC ECONOMYIslamic FinanceIslamic BusinessIslamic Finance ReportsIslamic Finance GlossaryBUSINESSAviationBanking & InsuranceCareersEducationEnergyFintechHealthcareHospitalityManufacturingReal EstateRetail & ConsumerTechnology and TelecomTransport and LogisticsTravel and TourismSMEsFinance MarketingTechnologyLegalPeopleMARKETSCommoditiesCurrenciesEquitiesFixed IncomeWEALTHAlternative InvestmentsFundsWealth ManagementSustainabilityLEGALCrime and SecurityImmigrationPolicy RegulationsLIFECultureEntertainmentFoodHealthLeisure & TravelSportsOPINIONBusiness InsightsPROJECTSBRIConstructionIndustryMiningOil & GasUtilitiesSPECIAL COVERAGERamadan and Eid 2023COP 28: Talking Climate in UAEUAE Realty MarketThe Future of CryptosFocus: Global Wealth FundsRussia-Ukraine CrisisMULTIMEDIAGalleriesVideosPRESS RELEASE Companies NewsGovernment NewsPeople in the NewsResearch & StudiesEvents and ConferencesAfrica Press ReleasesAsia Press ReleasesHome page>MARKETS>Equities>Arabia Cotton Ginning’s ...PHOTOArabia Cotton Ginning Company’s standalone net profits after tax surged 131% year on year (YoY) to EGP 79.178 million in fiscal year (FY) 2022/2023, compared to EGP 34.221 million, as per a filing on September 27th.Moreover, the company’s board of directors has approved the EGP 0.25 per share cash dividends payment proposal.ACGC is an Egypt-based company active in the textiles and clothing industry sector. The company is engaged in cotton ginning, as well as trading of its products domestically and internationally.Copyright © 2022 Arab Finance Brokerage Company All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info).MOST READ1.Luxury property boom draws Chinese all-cash buyers to Dubai 2.Dubai, Abu Dhabi feature on global travel list for best winter