Arabia Cotton Ginning Company reported earnings results for the second quarter and six months ended December 31, 2023. For the second quarter, the company reported sales was EGP 783.28 million compared to EGP 330.13 million a year ago. Net income was EGP 138.63 million compared to EGP 38.96 million a year ago.
For the six months, sales was EGP 1,368.27 million compared to EGP 560.7 million a year ago. Net income was EGP 157.09 million compared to EGP 30.47 million a year ago. Basic earnings per share from continuing operations was EGP 1.15 compared to EGP 0.12 a year ago.