trending Market Intelligence /marketintelligence/en/news-insights/trending/ODY3JaY9aDPLU5rcwl3h5w2 content esgSubNav
In This List

Arabia Cotton Ginning fiscal Q2 profit falls YOY

Podcast

Next in Tech | Episode 50: InfoSec spending up, again…

Blog

Broadcast deal market recap 2021

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Volume of Investment Research Reports on Inflation Increased in Q4 2021


Arabia Cotton Ginning fiscal Q2 profit falls YOY

Arabia Cotton Ginning Co. said its normalized net income for the fiscal second quarter ended Dec. 31, 2014, came to 1.5 million pounds, a fall of 65.1% from 4.3 million pounds in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin declined to 0.7% from 2.5% in the year-earlier period.

Total revenue increased 30.0% on an annual basis to 222.7 million pounds from 171.3 million pounds, and total operating expenses grew 30.2% on an annual basis to 216.0 million pounds from 166.0 million pounds.

Reported net income decreased 30.0% on an annual basis to 941,000 pounds, or 0 piastres per share, from 1.3 million pounds, or 1 piastres per share.

As of March 12, US$1 was equivalent to 7.63 Egyptian pounds.