Cairo – Mubasher: Alexandria Spinning and Weaving Company (Spinalex) posted net profits after tax valued at EGP 26.82 million in the first quarter (Q1) of fiscal year (FY) 2024/2025.
The recorded net profits were higher by 5% than EGP 25.59 million in Q1-23/24, according to a bourse disclosure.
Revenues stood at EGP 184.88 million in Q1-24/25, marking a 70% year-on-year (YoY) jump from EGP 108.83 million, according to the quarterly financial results approved by the board on 27 November.
The basic earnings per share (EPS) edged up to EGP 0.084 as of 30 September 2024 from EGP 0.080 in the year-ago period.
In the 12-month period that ended on 30 June 2024, the net profits of Spinalex hiked by 128% YoY to EGP 115.23 million from EGP 89.86 million.
