KABO’s Consolidated Net Loss Hit EGP 48 Mln In FY12

El Nasr Clothing & Textile – KABO (KABO.CA) reported on Wednesday a consolidated net loss of EGP 48 million during the fiscal year of 2011/2012, compared to EGP 11.002 million a year earlier.

KABO’s total current assets dropped to EGP 417 million during the FY2011/12, compared to EGP 420 million for FY2010/11. The company’s working capital also fell to EGP 44.7 million, compared to EGP 113 million a year earlier.

Moreover, KABO’s total investments for FY2011/12 hit EGP 995 million, compared to EGP 1.059 billion during FY2010/11.

Meanwhile, KABO reported a standalone net loss of EGP 46.126 million for FY2011/12, opposed to EGP 6.542 million a year earlier.