Cairo – Mubasher: El Nasr Clothing and Textiles (KABO) has prepaid the EGP 9 million loan it had obtained from the Export Development Bank of Egypt (EBE) from the company’s own resources.
KABO added it has not made any decisions so far regarding the other EGP 61 million loan from EBE, adding that it works to improve its financing structure to guarantee the fulfillment of its obligations on time, according to a recent stock exchange filing.
During the period from July to September 2022, KABO generated profits of EGP 4.86 million and sales of EGP 93.28 million, against losses of EGP 2 million and sales worth EGP 80.52 million in the year-ago period.
