Cairo – Mubasher: National Company for Housing for Professional Syndicates said its losses shrank 63.32% year-on-year in the third quarter of 2016.

The company suffered EGP 1.07 million net losses in Q3-16 from EGP 2.93 million in Q3-15, according to a bourse filing on Monday.

During the first nine months of 2016, the company's losses declined 56.55% to EGP 3.04 million, compared with EGP 6.99 million a year earlier.