Unaudited standalone financial statements of Nile City Investment for fiscal year 2013 revealed that the company’s net losses increased by 65% to EGP 85.5 million from EGP 51.8 million in FY12.

Consolidated financial results for Q1-FY13 showed that the company posted net losses of EGP 62.922 million against net profit of EGP 75 million in Q1-FY12.

Unconsolidated financial results for Q1-FY13 showed that the company posted EGP 62.921 million net loss, against EGP 7.446 million net profit in Q1-FY12.