Medical Packaging widens losses ending 2016

Updated 3/30/2017 12:02:51 PM

ArabFinance: Medical Packaging Company (MEPA) announced in a statement sent to EGX the audited financial results for the fiscal period starting January 1, 2016, and ending December 31, 2016.

The company incurred net losses of LE3,451,059, versus net losses of LE1,706,300 in the same period a year ago.

The floatation of Egyptian pound had a negative impact of LE241,960 on fiscal year results.