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El Arabia for Land Reclamation widens losses in Q2

El Arabia for Land Reclamation widens losses in Q2
Photo Credit: Arabianeye - Reuters

Cairo – Mubasher:  El Arabia for Land Reclamation logged EGP 3.33 million in losses for the second quarter of the fiscal year 2015/16.

The company reported losses of EGP 2.72 million for the similar period of the previous year.

As for 2015, the company saw net profits of EGP 5.15 million against net losses of EGP 7 million for the previous year.