Cairo – Mubasher: Middle East Glass Manufacturing Company’s accumulated losses worsened by 501% in the second quarter of 2016, ended on 30 June.
Accumulated losses for Q2-16 reached EGP 25.6 million, compared to EGP 4.26 million for Q2-15, according to a bourse filing.
In the first half of 2016, accumulated losses amounted to EGP 107.6 million, versus EGP 9.28 million for H1-15.
The company earlier posted a net loss of EGP 82 million for Q1-16.
