Cairo - Mubasher: El Arabia for Land Reclamation posted EGP 2.72 million in losses for the first quarter of 2015, compared with EGP 125,700 for the same period a year earlier.
The company losses widened 2065% at the first quarter of 2015.
Meanwhile, the company saw gross profit of EGP 517,900 at this this nine-month period of 2015, down from EGP 2.1 million a year earlier.
Earlier, the firm said it reported net profits of EGP 5.15 million for the fiscal year 2014/15, against losses of EGP 7 million for the previous year.
