Cairo – Mubasher: Asek Company for Mining (ASCOM)narrowed its losses in the first half of 2015 by 60% to EGP 7.4 million, compared with EGP 18.8 million for the same period of the previous year.

Meanwhile, the company's revenues stood at EGP 376.8 million for H1-2015, compared with EGP 294.7 million for the corresponding period of 2014.

ASCOM's net profits recorded EGP 5.9 million in Q1-2015, against EGP 13.4 million in the same period of the previous year.