Cairo – Mubasher: Tourah Portland Cement reported a 43% decrease in its net losses for the third quarter of 2016, according to a bourse filing.

Q3 losses thus stood at EGP 21.3 million, compared with EGP 37.4 million for Q3-15, the filing indicated.

Over the first nine months, net losses narrowed 50.4% year-on-year to EGP 53.1 million from EGP 107.2 million.

In the first half, the company registered EGP 31.85 million losses, lower 54.4% as compared to the year-ago period.