Cairo - Mubasher: Alexandria National Co. for Financial Investment (ANFI) reported reducing its losses by 47% in the first half of 2016, according to a bourse filing on Thursday.

Net loss amounted to EGP 315,000 ($35,469), down from EGP 597,000 ($67,222) in the same period last year, the company said.

Losses were not due to the sale of securities, but were a result of an imbalance between revenues and expenditures, it added.