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New Ismailia Urban Development 9M loss widens 27%

New Ismailia Urban Development 9M loss widens 27%
New Ismailia Urban Development posted EGP 4093 thousand net loss for the nine-month period that ended on September 30, 2014, deepening 27% compared with EGP 299.8 thousand net loss incurred in the same period a year earlier.
The property firm had posted EGP 342 thousand net loss in H1-14, widening 41% compared with EGP 243 thousand in the same period a year earlier.
Q1 loss amounted to EGP 223 thousand, widening 24% y/y from EGP 180 thousand loss.
The company had posted EGP 416,688 net loss for FY13, deepening 11.46% from EGP 373,836 logged in the same period a year earlier.