India, July 4 -- Eurocastle Investment Limited (EUIVF.PK), an investment company, on Friday reported a narrower net loss for the first quarter, helped by unrealized fair value movement from its European Properties Investment Fund, or EPIF, and decreased total expenses.

For the first quarter, the company posted a net loss of 42,000 euros, or 0.04 euro per share, narrower than a loss of 106,000 euros, or 0.11 euro per share, in the same period last year. Total expenses declined to 0.236 million euros from the previous year's 0.247 million euros.

New Investment Strategy-EPIF unrealized fair value movement was 85,000 euros, compared with zero euros in the prior year. Total fair value movement on investments stood at positive 85,000 euros as a...