Cairo – Mubasher: New Ismailia Urban Development on Thursday posted its losses rose slightly during the first nine months of this year, as compared with the same period a year earlier.

Net loss amounted to EGP 757,680 in the January-September period of 2018, versus EGP 756,510 in the nine-month period last year, the company said in a filing to the Egyptian Exchange (EGX).

The company has not mentioned the achieved sales for the same period in its financial statements.

New Ismailia previously reported a 12.6% year-on-year rise in net loss for the first half of this year, recording EGP 635,100, versus EGP 564,100.