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Article: News in brief.
- Article from:
- Daily News Egypt (Egypt)
- Article date:
- February 18, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Kabo says 6-month profit nearly quadruples
Egypt's El Nasr Clothes and Textiles (Kabo) said its net profit in the six months to the end of December nearly quadrupled to LE 12.1 million ($2.2 million).
The company did not give further details in a statement and could not immediately be reached for comment. The firm said in January it bought the regional rights to the Jil trademark from Jil International for around LE 22 million. -- Reuters
EFIC 2008 net profit up to LE 195 mln
Fertilizer company Egyptian Financial and Industrial (EFIC) said it made a net after-tax consolidated profit of LE 195 million ($34.9 million) in 2008.
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