Cairo – Mubasher: Ghabbour Auto said Monday that its consolidated losses for the fourth quarter of the fiscal year 2016 deepened to EGP 1.17 billion, versus losses worth EGP 18.16 million for Q4-16.

The company suffered losses of EGP 989.8 million in FY16, against a net profit of EGP 191.5 million for FY15, according to a bourse filing.

Foreign exchange losses reached EGP 1.2 billion in FY16, said another statement.

The company’s stock stood at EGP 2.8 on Sunday.