Cairo - Mubasher: The independent financial statements of Development and Engineering Consultants Company (DAPH) showed a rise in losses by 85% year-on-year during the second quarter of 2017.

The company said in a statement to the Egyptian Exchange (EGX) on Tuesday that losses amounted to nearly EGP 925,000 by the end of Q2-17, compared to around EGP 499,700 for the same period last year.

Meanwhile, semiannual losses declined to EGP 1.09 million in the first half of the year, down from EGP 1.8 million in H1-16, according to the company’s bourse filing.

Sales volumes grew in Q2-17 to EGP 2.27 billion up from EGP 1.97 billion in Q2-16, the statement noted.