Alexandria Spinning & Weaving Co. reported earnings results for the second quarter and six months ended December 31, 2023. For the second quarter, the company reported sales was EGP 168.49 million compared to EGP 58.23 million a year ago. Net income was EGP 48.12 million compared to EGP 12.68 million a year ago. Basic earnings per share from continuing operations was EGP 0.15 compared to EGP 0.04 a year ago.
For the six months, sales was EGP 277.32 million compared to EGP 93.55 million a year ago. Net income was EGP 73.71 million compared to EGP 13.83 million a year ago. Basic earnings per share from continuing operations was EGP 0.23 compared to EGP 0.043 a year ago.