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Egypt’s Middle East Glass Manufacturing (MEGM.CA) reported on Wednesday that its first quarter losses mounted by 547 percent to record 82 million Egyptian pounds($9.3 million).
The company posted 12.7 million pounds in losses for the similar period last year.
During Q1, Middle East Glass posted244.179 million poundsin salesversus151.217 million pounds in the same period a year ago.
In 2015, the company registered a net profit of 25.4 million pounds.
