Cairo – Mubasher: El Nasr Clothing and Textiles (KABO) reported a decline of 59.6% in net losses for the first half of the fiscal year 2015/16.

The company posted EGP 4.3 million in losses in H1-FY15/16, compared with EGP 10.6 million a year earlier.

In the second quarter of FY15/16, the firm’s losses amounted to EGP 1.9 million, compared with EGP 689,500 for the same period a year earlier.