Egyptian Textile JOINT-STOCK Company Lost $300 Million In The Current Fiscal Year.

< p > > recently, < a href= "http://sjfzxm.com/news/index_s.asp" > Egypt < /a > Textile JOINT-STOCK Company said that in the current fiscal year, the company lost a total of 2 billion 100 million pounds, or about 300 million US dollars, higher than the 2012/2013 fiscal year.

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< p > it is reported that the Egyptian Textile JOINT-STOCK Company consists of 32 subsidiaries, including 9 Cotton Corp and 22 home textile yarns, weaving and dyeing and finishing companies.

At present, only Cotton Corp is making profits.

The group is Egypt's largest state-owned textile group, located in Egypt's cotton production town mahalla.

In the financial year of 2013/2014, it is difficult for enterprises to start production because of workers' strike.

Financial difficulties are the most important problems facing the company.

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< p > concerns the lifeline of the cotton textile industry. The Ministry of finance of Egypt has granted 200 million pounds of subsidies to the group's factories, but it still can not alleviate the difficulties of the group.

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< p > related links: deep textile A is expected to lose about 22 million yuan in the interim results, < /p >

< p > July 10th, in the interim performance of Shenzhen textile A, the net profit loss in the first half of the year was estimated to be about 22 million yuan, up from a year-on-year increase, resulting from a decrease in the price of Polaroid orders and a decrease in prices.

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< p > the company said that foreign polarizer manufacturers have intensified their efforts to expand the domestic market, intensified market competition, reduced unit price and increased losses.

In addition, the company's stock movements are related to the pfer of shares. Shenzhen Textile Group A great wisdom TCL group, the company's new product certification progress and subsequent orders postponing, the reduction of orders led to insufficient crop mobilization rate, unable to digest the fixed cost cost to further increase the losses.

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< p > equity pfer has been going through for nearly six months for deep textiles. The company announced in June 9th that TCL group proposed to terminate the 26% stake in Shenzhen textile's controlling shareholder's pfer of Shenzhen textiles.

On the interactive platform, the company has set up a special working group to explain and explain the work of customers, striving to restore the original customer orders, and promote the certification of new products, so as to increase the output in the second half of the year.

At the same time, we should continue to promote substantive cooperation with Japan, speed up the two phase project construction process, and improve the yield of existing production lines.

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