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New Ismailia trims Q1 losses by 26%

New Ismailia trims Q1 losses by 26%
(Photo credit: Arabianeye - Reuters)

Cairo – Mubasher: New Ismailia Urban Development’s losses for the first quarter of fiscal year 2017 shrank 26.1% to EGP 438,300, compared to losses worth EGP 593,300 for Q1-16, according to a bourse filing released on Tuesday.

The company had earlier reported a net loss of EGP 1.02 million for FY16, 21.14% up from EGP 842,840 for FY15.