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Arafa's reports $4.83m profit in quarter to July
- Egypt: Wednesday, September 16 - 2009 at 10:34
Egypt's biggest garment exporter, Arafa Holding, has said its consolidated net profit had declined to $4.83m for the three months to July 31, Reuters has reported. The firm, which makes and retails garments in Egypt and Europe, said sales to its key British market had been hurt by a fall in the value of the British pound and by recession.
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StaffWednesday, September 16 - 2009 at 10:34 UAE local time (GMT+4)
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