Cairo – Mubasher: The Egyptian Stock Exchange said that the right to cash distributions for the Arab Cotton Ginning Company will end at the close of the session on Sunday, January 21.
The Stock Exchange stated, in a statement today, Thursday, that it was decided to distribute the Arab Cotton Ginning Coupon No. (23) at 0.250 pounds per share, effective January 24.
It is noteworthy that Arabian Cotton Ginning recorded a net profit of 400.52 million pounds from the beginning of July 2022 until the end of June 2023, compared to 208.25 million pounds in profits during the previous fiscal year.
Arabian Halij sales increased during the last fiscal year to 3.36 billion pounds, compared to 2.07 billion pounds during the previous fiscal year.
It is noteworthy that Arabian Cotton Ginning recorded independent profits for the last fiscal year (2022-2023), amounting to 79.17 million pounds from the beginning of July 2022 until the end of June 2023, compared to 34.22 million pounds in profits during the previous fiscal year.
Arabian Halij sales increased during the last fiscal year to reach 91.93 million pounds, compared to 68.78 million pounds during the previous fiscal year.
The company attributed the increase in annual profits to the increase in the amount of cotton ginned during the past season by 14%, on an annual basis.
Investment revenues also increased from 9 million pounds in June 2022 to 58 million pounds in June 2023. That is, an annual increase of 529%.
Among the reasons is also the increase in the yield on treasury bills from 10 million pounds in June 2022 to 14 million pounds in June 2023, with an annual increase of 33%.
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2024-01-04 07:12:51
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