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General Land Reclamation FY13/14 loss widens 61% to EGP32 mln

General Land Reclamation FY13/14 loss widens 61% to EGP32 mln
The board of the General Company for Land Reclamation, Development & Reconstruction endorsed unaudited financial indicators for the fiscal year that ended on June 30, 2014.
These indicators showed EGP32 million net loss, deepening 61% compared with EGP 19.9 million net loss incurred in the same period a year earlier.
FY13/14 revenues totaled EGP 67.5 million, compared with EGP 40 million in the year-ago period.