Arafa Holding (AIVC.CA) reported net profit after minority of USD10.7mn for FY2015 (ended January 2016), up 3% Y-o-Y. Revenue came in at cUSD270mn, up c2% Y-o-Y. Textiles revenue grew c47%, while the industrial and retail segments revenues were affected negatively by currencies translation, on the back of the USD appreciation against group’s revenues basket of currencies including EGP, GBP and EUR. The group’s luxury  and formalwear segments reported a decline in revenues of 5% and 3%, respectively, also  mainly on currency translation losses. Meanwhile, the casual segment reported a 4% increase in revenue to USD24.2mn. Operating profit surged 64% Y-o-Y to USD17.1mn, driven by the decline in operating and SG&A expenses. Accordingly, EBIT margin widened 2.4 pp to 6.3%. (Company disclosure)