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Egyptian garment
maker, El Nasr Clothing & Textile Co. (Kabo), is targeting sales of
180 million Egyptian pounds in the fiscal year 2010-11, the firm said
in a statement to the bourse on Sunday.

The statement
reiterated that the sales target for the new fiscal year, which begins
on July 1, is a 15 percent increase on the company’s sales in fiscal
year 2009-10. Chairman, Amr El Sharnoubi, had previously told Reuters
sales were expected to rise by that amount, but he did not provide a
specific sales figure at that time.

Kabo, one of the
earliest Egyptian companies to be privatised, makes underwear,
nightwear, and outerwear for men, women, and children in the middle-end
market.

Kabo reported a net
loss for the year to the end of June of 13.3 million Egyptian pounds.
The firm’s shares were trading 3 percent lower by 0956 GMT.