Arab Cotton Ginning results, Q1 2023
Net profit, assets, equity and cash flow for Q1 2023, against the same period a year earlier, from the published financial statements. fiscal year starts in July.
Net profit280 millionEGP · +120.8% vs the same period a year earlier
Total assets3.9 billionEGP · +33.6% vs the same period a year earlier
Shareholders' equity2.32 billionEGP · +16.0% vs the same period a year earlier
Operating cash flow-361 millionEGP · −825.5% vs the same period a year earlier
In short
- Arab Cotton Ginning's net profit for Q1 2023 was about 280 million EGP, up +120.8% from 127 million EGP in Q1 2022.
- Total assets at the end of Q1 2023 were about 3.9 billion EGP, and shareholders' equity about 2.32 billion EGP.
- Operating cash flow for Q1 2023 was negative at 361 million EGP.
Key lines against the same period a year earlier
This periodQ1 2022Change
Net profit280 million127 million+120.8%
Gross profit544 million448 million+21.3%
Total assets3.9 billion2.92 billion+33.6%
Total liabilities1.58 billion922 million+71.8%
Shareholders' equity2.32 billion2 billion+16.0%
Total liabilities and equity3.9 billion2.92 billion+33.6%
Operating cash flow-361 million49.7 million−825.5%
Investing cash flow169 million37.22 million+355.2%
Financing cash flow274 million47.6 million+475.3%
Net change in cash82.7 million135 million−38.5%
Figures in EGP from the published statement summaries (consolidated where the company publishes consolidated statements), after normalising reporting units across periods. The exact figure is in the attached report, which may be the standalone version. Figures are as shown in the published statement summary; quarterly figures may be cumulative from the start of the fiscal year.
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