Cairo - Mubasher: El Nasr Clothing and Textiles (KABO) brought down its losses by 45% to EGP 6.2 million in the first quarter of the fiscal year 2015/16, the company announced in a bourse filing Thursday.

The company earlier logged losses of EGP 11.3 million for the similar period of the previous year.

Top line stood at EGP 89.4 million in Q1-FY15/16, up from EGP 66.4 million a year earlier.

Earlier, the company said it suffered losses of EGP 33.16 million in FY14/15, compared with EGP 29 million a year earlier.