Cairo – Mubasher: El Orouba Securities Brokerage expects to cover its losses in the last two years through a three-year coverage plan starting from 2016 to 2019, according to the company’s statement released Thursday.

The company added that its board of directors made a number of decisions to cover the losses including reducing the company’s expenses through a temporary closure for its branches, until the economic situation in Egypt improves, as well as attracting new customers and increasing the margin trading.

The net loss of the company totalled EGP 4.2 million during 2015.

El Orouba reported a net profit of EGP 90,500 in Q1-16, and attributed it to the measures taken in the period between 2012-2016.