Arafa Holding, Egypt's biggest garment exporter, said on Monday that consolidated net profit for the 12 months to Jan. 31 jumped by 68 percent from a year earlier. The firm, which specialises in men's wear and exports 75 percent of its goods, mainly to Europe, said revenue had been reduced after it divested two of its units, SRG & Melka, during 2010. Net profit rose to $17.1 million from $10.2 million a year earlier, while revenue dropped 14.8 percent to $283.3 million.
