Cairo – Mubasher: National Company for Maize Products said it suffered losses of EGP 172.1 million in 2016 against profits of EGP 156.3 million in the previous year.

The firm said it incurred costs of nearly EGP 259.6 million due to the difference in foreign currency evaluation.

The company also suffered losses of EGP 229.5 million for the fourth quarter of 2016.