Cairo – Mubasher: New Ismailia Urban Development said Monday that its losses for the fourth quarter of fiscal year 2016 decreased by 12.8% to EGP 163,000, versus EGP 187,000 for Q4-15.
However, annual losses worsened 21.14% to EGP 1.02 million, compared to EGP 842,840 for fiscal year 2015, according to a bourse filing.
The company’s stock was last traded at EGP 3.02.
