National Drilling losses shrink to $1.3 m ending 2016

Updated 5/30/2017 10:20:13 AM

Arab Finance: National Drilling - (NDRL) 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 $1,369,803, versus net losses of $5,675,977 in the same period a year ago.

Floatation of EGP had no impact on financial results for 2016 fiscal year.