Cairo – Mubasher: The General Company for Land Reclamation, Development and Reconstruction (AALR) logged EGP14.23 million losses ($1.61 million) in the first nine-month period of 2015/16, up 1.77% year-over-year from EGP13.98 million, the financial statements indicated.  

In the first six-month period, the company reported a net loss of EGP11.1 million, compared to EGP13.49 million for the year-ago period.

In the first quarter of 2015/16, the company's losses stood at EGP4.8 million, down 34.18% from EGP7.3 million for the same quarter last year.

The stock quote rose 1.06% to EGP15.28 on Wednesday.