Textiles Segment perform well at Arafa Holding

12 May '11

4 min read

Net Operating Profit for the period recorded USD 15.2 million with a margin of 13.4% compared to USD 12.4 million with a margin of 11.5%

Textiles Segment

Consolidated Revenues reached USD 17.0 million reflects an increase of 2.6% compared to last year revenues of USD 16.6 million.

Gross Profit of 2010 was USD 3.9 million with a margin of 23.0% which is in line with last year margin.

Net Operating Profit reached USD 2.8 million representing a margin of 16.5% compared to USD 2.5 million for last year that represented a 15.3% margin.

AI 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.

AI Arafa for Investments & Consultancies

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