Cairo - Mubasher: Samad Misr reported a decline in losses by 71% in the third quarter of 2016, according to a bourse filing.

Losses totalled EGP 504,000 in Q3-16 compared to EGP 1.74 million in Q3-15, the company said in a statement to the Egyptian Exchange (EGX) on Tuesday.

The company also posted losses of EGP 1.16 million in the first nine months of the year compared to losses of EGP 3.78 million in the same period last year.