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 This material may not be published, broadcast, rewritten or redistributed.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 22 April 2019

Continue reading... | 22/04/2019

Iofina

Iofina achieved record first quarter production thanks to the new IO#7 plant and iodine prices are rising. 

Continue reading... | 22/04/2019

Omega Diagnostics

Allergy and infectious diseases tests developer Omega Diagnostics says that second half trading was slightly better than expected.

Continue reading... | 22/04/2019

Ascent Resources

Ascent Resources says that the IPPC permit in Slovenia has been confirmed as valid. 

Continue reading... | 22/04/2019

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