Cairo – Mubasher:  Medical Packaging Co. said on Monday that its losses surged 245% in the third quarter of 2016.

The company's net losses reached EGP 2.055 million in Q3-16 compared to EGP 594,580 in the year-ago period, according to a bourse filing.

Net losses reached EGP 2.219 million in the first nine months of 2016 compared to EGP 1.035 million in the same period of the previous year, with a 114.4% rise.