Arabia Cotton Ginning Company reported earnings results for the third quarter and nine months ended March 31, 2023. For the third quarter, the company reported sales was EGP 1,125.01 million compared to EGP 766.73 million a year ago. Net income was EGP 92.57 million compared to EGP 48.22 million a year ago. Basic earnings per share from continuing operations was EGP 0.34 compared to EGP 0.18 a year ago.
For the nine months, sales was EGP 1,685.71 million compared to EGP 1,298.8 million a year ago. Net income was EGP 123.04 million compared to EGP 74.56 million a year ago. Basic earnings per share from continuing operations was EGP 0.46 compared to EGP 0.28 a year ago.