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El Nasr Crops losses exceed 50% of capital

El Nasr Crops losses exceed 50% of capital
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Cairo-Mubasher: El Nasr for Manufacturing Agricultural Crops released consolidated financial statements for the fiscal year ended 31 March 2015, which reflected EGP 12.84 million losses, rising 13.6% compared with EGP 11.3 million a year earlier.

Retained losses increased from SAR 25.46 million to EGP 36.76 million.

Total losses amounted to EGP 49.603 million, exceeding 50% of capital. Total liabilities reached EGP 38.35 million, rising 14% from EGP 33.66 million a year ago.