AIVC's operations continue to witness strong recovery
14 Dec '11
4 min read
Apparel & Tailoring Segment (A&T) • A&T Revenues reached USD 95.9 million to reflect a y-o-y increase of 12.6% compared to USD 85.2 million for the same period last year. • Gross Profit amounted to USD 12.0 million reflecting a gross profit margin of 12.6% compared to an amount of USD 14.9 million with a margin of 17.5% for the same period of last year. • Operating Profit for the period recorded USD 7.9 million compared to USD 11.4 million for the same period last year translated into a margin of 8.2% compared to a margin of 13.4%.
Textiles Segment • Textile segment recorded Sales of USD 11.4 million during 9M FY2011 compared to USD 12.5 million during the same comparable period. • Gross Profit for the segment was USD 3.1 million with a margin of 27.2% compared to USD 2.7 million with a margin of 21.7% for the same period last year. • Operating Profit reached USD 2.1 million representing a margin of 18.2% compared to USD 1.7 million for the comparable period last year representing a 13.8% 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.