General Company for Land Reclamation loses EGP11m in 6M

Cairo - Mubasher: The General Company for Land Reclamation, Development and Reconstruction (AALR) said that it logged EGP11.1 million loss in the first six months of the current fiscal year, compared to EGP13.49 million for the same period last year, according to bourse filing on Wednesday

In the first quarter of this fiscal year, the company's losses netted EGP4.8 million, down 34.18% from EGP7.3 million for the same quarter last year.

In the previous fiscal year, the company’s net losses reached EGP17.48 million, compared to a loss of EGP62.7 million ($8 million).

Mubasher Contribution Time: 17-Feb-2016 20:36 (GMT)