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Clothing producer Arafa posts positive results
17
Sep '09
Despite of the difficult economic global conditions and the concurrent shrinkage in retail spending, AIVC has shown extreme resilience and was still able to post positive operating results.

While operations are not immune to the effects of the economy, the strength of the company's vertically integrated model and soundness of its approach has enabled it to remain profitable, retain & expand its client base. AIVC continues to focus on managing operational expenses and investing in long-term opportunities to deliver value to all stakeholders.

AIVC posts net profit after minority interest of US$5.5 million for the six month period ended 31 July 2009 vs. US$15.9 million > for the six month period ended 31 September 2008.

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Arafa is a multinational organisation offering the highest quality apparel that exceeds the expectations of its customers who own the world's leading brands and contributes to the economy of the countries in which it operates by improving the skills, knowledge and living standards of its local community.

Arafa Holding

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