Cairo – Mubasher: New Ismailia Urban Development posted that its losses in FY16 first quarter widened 53.8% year-on-year to EGP593,330 ($66,980) from EGP385,740 ($43,540), according to a bourse filing.
In 2015, the company lost a net of EGP842,800, 25% higher from EGP676,200 in 2014.
On Monday, the stock was 5.16% higher to EGP3.87 at close.
