Cairo – Mubasher: Egypt for Poultry Company on Sunday reported a 35% decrease in its net losses for the second quarter of 2016.

The company achieved EGP 717,600 ($80,610) net losses in Q2-16 from EGP 1.11 million ($125,740) in Q2-15.

The Egyptian-listed company's unconsolidated losses surged 148.8% to EGP 1.05 million ($117,800) in the three-month period of 2016 from EGP 421,350 ($47,330) in the year-ago period.