Cairo – Mubasher: Nile Cotton Ginning logged EGP9.2 million losses ($1.03 million) in the first nine months of 2015/16, said the company in a bourse filing.

The company’s FY15/16 losses thus deepened by 48% from EGP6.2 million ($694,360) for the year-ago period.

Further, sales in the nine-month period declined 65% year-over-year to EGP3.4 million from EGP9.65 million. ‘

In the first six months of 2015/16, the company reported EGP255,000 losses, compared with EGP4.1 million in H1-14/15.