Cairo – Mubasher: The unconsolidated results of Middle East Glass Manufacturing Company showed a turn to losses in the third quarter of 2016.
The company suffered net losses of EGP 7.83 million in Q3-16, versus EGP 6.24 million net profits in the year-ago period, according to a bourse filing on Wednesday.
In the first nine months of 2016, net losses amounted to EGP 16.24 million, compared to EGP 4.7 million on the prior-year period.
Standalone losses fell 23% to EGP 8.4 million in the first half of the year.
