Cairo – Mubasher: National Company for Housing for Professional Syndicates said its losses cut 58.8% in the first quarter of 2016, according to a bourse filing.

The company logged EGP 880,900 net losses compared with a net loss of EGP 2.14 million in Q1-16.

During 2015, the company lost a net of EGP 9.1 million, compared with EGP 4.5 million a year earlier.