Egyptian cotton exports increased during the third quarter of the agricultural season 2018-2019 to 510,200 metric quintals compared to 160,100 metric quintals during the corresponding period of the previous season, a rise of 218.8 percent owing to the increase of cotton production, the Central Agency for Public Mobilization and Statistics (CAPMAS) announced.
Sports group adidas has reported first-half revenues of €11.4 billion, 5% up on the figure for the first half of 2018. Operating profit increased by 13% to reach €1.5 billion.
Commenting on the results, chief executive, Kasper Rorsted, said adidas had achieved double-digit increases in revenues in two areas it had targeted for strategic growth, China and e-commerce.
Aditya Birla Fashion and Retail Ltd on August 6 reported over threefold jump in its net profit to Rs 21.56 crore for the first quarter ended June 30.
The company had posted a net profit of Rs 5.60 crore in the June 2018 quarter, Aditya Birla Fashion and Retail Ltd (ABFRL) said in a statement.
Its net sales rose 7.94 percent to Rs 2,065.46 crore during the quarter, compare with Rs 1,913.52 crore in the corresponding quarter of the previous financial year.
ABFRL's total expenses were at Rs 2,047.83 crore as against Rs 1,916.39 crore, up 6.85 percent.
The apparel retailer said that the composition of inventory has improved, implying it will become easier to sell the garments.
Hennes & Mauritz AB surged after the struggling Swedish clothing retailer showed progress coping with a buildup of unsold garments, raising hopes that the worst may be over after a three-year slump in earnings.
Inventory dropped slightly as a proportion of sales, easing to 18.2% at the end of May from a record 18.9% as of last August, H&M said Thursday. CEO Karl-Johan Persson said H&M still aims to boost operating profit this year.
