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General Co. For Land Reclamation Development & Reconstruction (AALR.CA) reported a net loss of EGP 25.532 million during the first half of 2012, 22.7% up from a year earlier net loss of EGP 20.812 million.
The company’s revenues fell 57.7% to EGP 61.639 million during H1/2012, compared to EGP 106.827 million during H1/2011.
Gross loss, after excluding the cost of revenues, hiked to EGP 10.181 million through H1/2012, compared to EGP 1.298 million a year earlier.
Losses of the working capital for H1/2012 rose to EGP 129.635 million, compared to EGP 99.511 million.
