Cairo – Mubasher: Arab Polvara Spinning and Weaving recorded lower losses in the second half of the fiscal year 2015/16, according to a Monday's bourse statement.

Net loss narrowed 81.7% year-on-year to EGP 9.34 million from EGP 51.25 million, the bourse statement revealed.

In the first quarter, the company logged EGP 4.99 million losses, compared with EGP 29.15 million for the year-ago quarter.

On Sunday, the stock quote was placed at EGP 1.93 with a 1.03% slide.