Net losses reached EGP 4.4 million (492,250) in Q1-16 (Photo credit: Arabianeye - Reuters)
Rubex
RUBX
RUBX
Cairo – Mubasher: Rubex International for Plastic and Acrylic Manufacturing Company’s losses deepened in the first quarter of fiscal 2016 by 104.9% year-on-year.
Net losses reached EGP 4.4 million (492,250) in Q1-16, versus EGP 2.1 million ($240,480) in Q1-15, according to a bourse statement released on Wednesday.
In 2015, Rubex posted net losses of EGP 12.3 million.
Source:
Mubasher
