News blog

Bagir Group Ltd

  • BY: Andrew Hore |
  • POSTED: 07/04/2019 |

Bagir Group Ltd increase revenues by 10% to $56.4m in 2018, but it still lost money. 

The suit maker increased its loss from $2.9m to $5.78m. The cash outflow from operating activities was $6.67m. Net debt is just under $9m.

Trading conditions remain tough, but costs have been reduced. Bagir has already generated sales of $16.3m in the first quarter of 2019, up from $11.2m in the same period last year. The order book is worth $30.6m.

Bagir is still waiting for Shangdong Ruyi to complete its investment, which will help to develop manufacturing in Ethiopia.

© 2019 Aim Micro. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

News Blog
All micro news

Quoted Micro 24 June 2019

Continue reading... | 24/06/2019

Quoted Micro 17 June 2019

Continue reading... | 17/06/2019

APC Technology

APC Technology Group has acquired rival electronic components distributor Euro-Tech for £1.05m.

Continue reading... | 17/06/2019

Iofina

Iofina has gained conditional approval for its hemp processor/ handler licence application in Kentucky. 

Continue reading... | 16/06/2019

All micro news

Browse by issue
All issues
Popular tags
All tags

betbrokers, financial, gold, health, leisure, media, mobile, resources, services, technology

AIM Micro feeds

Keep up to date with articles published at AIMMicro.com. Subscribe to AIM Micro RSS Feeds