Cairo – Mubasher: Samad Misr’s Q1-16 consolidated losses decreased by 70.67% year-over-year to EGP231,380 ($26,120) from EGP789,020 ($89,080).

In addition, its standalone losses were cut to EGP EGP29,960, 95.7% down from EGP695,060 for the year-ago quarter.

In 2015, its losses increased by 409.7% year-on-year to EGP4.82 million from EGP945,670 a year earlier.

On Sunday, the stock closed at EGP4.72, 3.96% higher.