Interviews
AIVC's international units witness noticeable growth in sales
16 Sep '11
5 min read
Retail Segment
• Consolidated Retail Revenues amounted to USD 95.7 million achieving a 7.7% growth compared to revenues of USD 88.9 million during the same period of last year.
• Gross Profit of USD 35.8 million was registered for the reporting period with a margin of 37.4% compared to USD 32.0 million with a margin of 36.0% for the same period last year.
• Operating Profit for the period reached USD 753K compared to an operating loss of USD 869k by the end of the first quarter of the year and operating profits of USD 774K by the end of H1 2010.
Apparel & Tailoring Segment (A&T)
• A&T Revenues reached USD 58.4 million to reflect a y-o-y increase of 3.3% compared to USD 56.5 million for the same period last year.
• Gross Profit amounted to USD 7.7 million reflecting a gross profit margin of 13.2% compared to an amount of USD 9.9 million with a margin of 17.6% for the same period of last year.
• Operating Profit for the period recorded USD 5.4 million compared to USD 7.0 million for the same period last year translated into a margin of 9.2% compared to a margin of 12.4%.
Textiles Segment
• Textile segment recorded Sales of USD 7.4 million during H1 FY2011 compared to USD 8.8 million during the same comparable period.
• Gross Profit for the segment was USD 1.8 million with a margin of 24.9% compared to USD 2.1 million with a margin of 23.3% for the same period last year.
• Operating Profit reached USD 1.3 million representing a margin of 18.1% compared to USD 1.2 million forthe comparable period last year representing a 13.5% margin.
Al Arafa for Investments and Consultancies is a leading player in the textiles industry operating a vertically integrated business model that places the Group as one of the largest export oriented and integrated apparel and textiles manufacturers in Egypt and the Middle East, and a prominent apparel retailer and wholesaler in Egypt and the UK.
Our local retail operations include Concrete brand in Egypt, while our foreign retail operations include the Baird Group as a sub-holding Company that holds a market share of 12% of the UK suits market in the United Kingdom. Moreover the company holds a 35% stake in Gruppo Forall the Italian company owning the prestigious brand PAL ZILERI.
• Consolidated Retail Revenues amounted to USD 95.7 million achieving a 7.7% growth compared to revenues of USD 88.9 million during the same period of last year.
• Gross Profit of USD 35.8 million was registered for the reporting period with a margin of 37.4% compared to USD 32.0 million with a margin of 36.0% for the same period last year.
• Operating Profit for the period reached USD 753K compared to an operating loss of USD 869k by the end of the first quarter of the year and operating profits of USD 774K by the end of H1 2010.
Apparel & Tailoring Segment (A&T)
• A&T Revenues reached USD 58.4 million to reflect a y-o-y increase of 3.3% compared to USD 56.5 million for the same period last year.
• Gross Profit amounted to USD 7.7 million reflecting a gross profit margin of 13.2% compared to an amount of USD 9.9 million with a margin of 17.6% for the same period of last year.
• Operating Profit for the period recorded USD 5.4 million compared to USD 7.0 million for the same period last year translated into a margin of 9.2% compared to a margin of 12.4%.
Textiles Segment
• Textile segment recorded Sales of USD 7.4 million during H1 FY2011 compared to USD 8.8 million during the same comparable period.
• Gross Profit for the segment was USD 1.8 million with a margin of 24.9% compared to USD 2.1 million with a margin of 23.3% for the same period last year.
• Operating Profit reached USD 1.3 million representing a margin of 18.1% compared to USD 1.2 million forthe comparable period last year representing a 13.5% margin.
Al Arafa for Investments and Consultancies is a leading player in the textiles industry operating a vertically integrated business model that places the Group as one of the largest export oriented and integrated apparel and textiles manufacturers in Egypt and the Middle East, and a prominent apparel retailer and wholesaler in Egypt and the UK.
Our local retail operations include Concrete brand in Egypt, while our foreign retail operations include the Baird Group as a sub-holding Company that holds a market share of 12% of the UK suits market in the United Kingdom. Moreover the company holds a 35% stake in Gruppo Forall the Italian company owning the prestigious brand PAL ZILERI.
Arafa Holding
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