Cairo - Mubasher: Port Said Agricultural Development said it studies the proposal it received from a company to manage and operate one of its production lines.

The move aims to boost the efficiency of this production line, said the company in a bourse statement.

The company reported earlier, net losses of EGP 95,800 for the first half of 2014 against net profits of EGP 24,100 for the same period of the previous year.