Cairo – Mubasher: National Drilling's financials for the first six months of 2016 revealed that its losses widened 83.43% year-over-year to $634,000 from $345,630, according to a bourse statement on Monday.
The company attributed H1 financials to operational losses that reached $317,480, compared with $916,260 for the year-ago period.
Earlier, the stock activity on the Egyptian Exchange was suspended as the company did not reveal its financial statements for the fiscal year 2015 as well as the first two quarters of 2016.
In 2015, the company logged $5.68 million losses.
