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ASCOM’s net loss down 59% in 9 months

Asec Company for Mining (ASCOM) said in a statement to the Egyptian Exchange today, that it recorded a net loss of EGP 38.21 million from the beginning of January until the end of last September, compared to losses of EGP 93.48 million during the same period last year.

The company’s revenues rose during the first nine months of this year to record EGP 713.66 million at the end of September, compared to EGP 613.89 million during the same period last year.