Cairo – Mubasher: Modern Waterproofing (Bitumode) reported that its FY15 consolidated losses widened 427% year-over-year to EGP 87.2 million ($9.79 million) from EGP 16.5 million ($1.86 million), according to a bourse filing. 

Meanwhile, around EGP 85 million standalone profits were registered over the course of 2015.

Earlier, the company registered a net a standalone profit of EGP 1.92 million ($215,000) in Q1-16, compared with EGP 3.76 million profits ($491,000) for the year-ago quarter.