Cairo - Mubasher: Asek Company for Mining (ASCOM) posted an 808% year-on-year increase in net losses in the second quarter of 2016, according to the company’s statement to the Egyptian Stock Exchange (EGX) on Sunday.
Losses reached EGP 14.08 million in Q2-16, up from EGP 1.55 million in the same quarter in 2015, according to the bourse filing.
As for the first half of the year, losses reached EGP 22.98 million compared to EGP 7.4 million in H1-15.
