Cairo-Mubasher: General Company for Land Reclamation said it brought down its losses by 72% to EGP 17.48 million in the fiscal year ended June 2015,compared with EGP 62.7 million for the previous year.

Meanwhile, The firm suffered losses of EGP 13.9 million in the nine-month period ended March 2014, against EGP 17.9 million for the same period of the preceding year.

General Land Reclamation is capitalised at EGP 65 million, distributed across 6.5 million shares at EGP 10 par value each.