Cairo – Mubasher: National Real Estate Bank for Development posted on Wednesday a net loss of EGP 8.4 million for fiscal year 2016, against a net profit of EGP 3.2 million for FY15.
The company’s initial financial statements for FY16 had earlier shown a fall of 96% in FY16 profits.
Revenues for FY16 declined to EGP 57.36 million from EGP 70.62 million for FY15, according to a bourse filing.
