Cairo – Mubasher: Medical Packaging Company posted on Thursday a net loss of EGP 3.45 million for fiscal year 2016, 102.9% up from a net loss of EGP 1.7 million in FY15.

Sales declined in FY16 to EGP 16 million from EGP 18.2 million in FY15, according to a bourse filing.

Foreign exchange losses amounted to EGP 242,000 in 2016, said another statement.