Cairo – Mubasher: Ajwa Group for Food Industries’ losses in FY16 first quarter shrank 37% year-over-year to EGP 1.63 million ($182,000) from EGP 6.03 million ($677,000), according to its standalone statements.
Sales saw a rise of 23.8% in the first quarter as well, registering EGP 73.46 million against EGP 59.34 million for the year-ago quarter.
In 2015, the company earned EGP 3.3 million, against a net loss of EGP 9.14 million a year earlier.
