Cairo - Mubasher: General Company for Land Reclamation logged losses of EGP 4.8 million in the first quarter of the fiscal year 2015/16, compared with EGP 7.3 million for the similar period of the previous year.

The company narrowed its losses by 34.18% for this period of FY15/16.

Earlier, the company said it posted EGP 17.48 million in losses for the fiscal year 2014/15, compared with EGP 62.7 million for the previous year.