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El Arabia for Land Reclamation H1 losses down 16%

El Arabia for Land Reclamation H1 losses down 16%
(Photo credit: Arabianeye - Reuters)
El Arabia for Land Reclamation
EALR
273.05% 364.99 267.15

Cairo – Mubasher: El Arabia for Land Reclamation said Wednesday that its losses declined in the first half of fiscal 2016-2017 by 15.81% to EGP 5.09 million from EGP 6.50 million for H1-15/16, according to a bourse filing.

The company suffered a loss of EFP 491,700 resulted from the floatation of the Egyptian Pound.