Cairo-Mubasher: El Arabia for Land Reclamation widened its losses by 187.8% in the nine- month period ended 31 March 2016, according to a bourse statement.
Net losses reached EGP 6.1 million ($689,050) in the first nine months of the fiscal year 2015/16, compared to EGP 2.12 million ($239,470) in the previous year.
In the first half of the fiscal year 2015/16, the company posted a rise in losses to EGP 6.05 million from EGP 1.57 million in the prior-year period.
