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The best private banks in 2008

The best private banks in 2008

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FX debate

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Thursday, April 3, 2008

Net profit of Egypt's textile KABO drops to USD 2.9mn in 2007.





Net profit of Egypt's textile KABO drops to USD 2.9mn in 2007. The net profit of Egypt 's El Nasr Clothes and Textiles (KABO) dropped by 36.5% to EGP 16mn (USD 2.9mn) in 2007, the company said in a statement on the stock exchange website. KABO, established in 1940, produces annually around 40mn pieces of cloth manufactured with approximately 6,000 tons of combed yarn from the finest Egyptian cotton. The company is currently a diversified shareholding structure with public holdings reaching 51.3%, financial institutions 36.35%, and mutual funds 12.3%.


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