Cairo – Mubasher: Grand Investment Capital said Tuesday that the ordinary general meeting ratified the financial statement for the fiscal year ended 31 March 2016, according to a bourse filing.

The ordinary meeting approved retaining losses registered this year, adding it to the statements of the coming year.

Over the fiscal year 2015/16, the company logged EGP 2.42 million losses, against EGP 3.7 million profits a year earlier.