Cairo – Mubasher: New Ismailia Urban Development said Sunday that its losses for the third quarter fell 49% year-on-year to EGP 95,700 from EGP 188,400, according to a Sunday's bourse filing.

Over the first nine months, the company registered EGP 857,200 losses, higher 30% year-on-year from EGP 655,600 losses for the year-ago period.

In the second quarter, the company lost EGP 168,220 compared with EGP 81,540 for Q2-15.