21 / 8 / 2025 THU
📌Egypt’s cotton exports decreased by 24% during the current season to 38.8 thousand tons
📌 The value of exports for the season reached $129 million
📌 The private sector’s share reached 81%, represented by 23 companies, and the public sector, through the Misr Cotton Trading and Ginning Company, accounted for 19%
📌 Egypt’s total cotton production reached 87.1 thousand tons during the 2024-2025 season
📌 Cotton planted area in the new season decreased by 37.5% compared to last year
📌 Cotton planted area decreased this season to 195 thousand feddans from 312 thousand feddans last year
📌 The decrease in area resulted from marketing problems during the last season and farmers’ delays in receiving their dues. The government intervened to rescue the marketing system by covering 2,000 pounds of the guaranteed price.
📌 The government will not set a guaranteed price for the new season, and the marketing system will rely on the global market.
17 / 8 / 2025 SUN
Company Name: Arab and Polvara Spinning and Weaving – Unirab
ISIN Code: EGS32331C018
Currency: Egyptian Pound
Financial Statements for the Period: From January 1, 2025 to June 30, 2025
Net Loss: 21,216,138
Comparative Figures for the Period: From January 1, 2024 to June 30, 2024
Net Loss for the Comparative Period: 9,595,291
10 / 6 / 2025 TUE
Arabian Cotton Ginning Company (ACGC)
✓ Financial period ending December 31, 2024 (6M)
Revenues: EGP 958 million
Net profit: EGP 18 million
Earnings per share: EGP 0.07
✓ Financial period ending December 31, 2023 (6M)
Revenues: EGP 1.3 billion
Net profit: EGP 304 million
Earnings per share: EGP 1.15
Alexandria Spinning and Weaving Company (SPIN)
✓ Financial period ending March 31, 2025 (9M)
Revenues: EGP 553.3 million
Net loss: -13.6 million
Earnings per share: -0.04 EGP
✓ Financial period ending March 31, 2024 (9M)
Revenues: EGP 467.4 million
Net profit: EGP 103.3 million
Earnings per share: EGP 0.32
☑ The decline in net profit and its transformation into losses resulted from an increase in selling and administrative expenses from EGP 44.8 million in the nine months ending March 2024 to EGP 89.4 million in the nine months ending March 2025, along with a decrease in interest income from approximately EGP 70 million to EGP 5.7 million.
19 / 5 / 2025 MON
SPIN
Unanimous approval was given to increase the issued capital from EGP 641.2 million to EGP 721.4 million, an increase of EGP 80.1 million, distributed over 40.0 million shares with a par value of EGP 2 per share. The increase will be financed from retained earnings and annual profits, based on the company’s financial position as of June 30, 2024, at a rate of 0.125 shares for every original share.