Egyptian textiles company Arab Cotton Ginning posted net profit of EGP18.5 million ($3.37 million) for July-December 2009, the stock exchange said on Sunday.

The firm posted net profit of EGP17.3 million for the same period a year earlier.

The stock exchange statement did not provide further details.

Shares in the firm were trading 2.1 per cent higher at 4.96 pounds by 0906 GMT.-Reuters