Arab Finance: The International Company for Agriculture Crops (IFAP) posted a 2% year-on-year (YoY) downtick in consolidated net profits attributable to the parent company in the first half (H1) of the fiscal year (FY) 2023/2024, according to the firm’s financial statements sent to the Egyptian Exchange (EGX) on March 3^rd.

The company recorded consolidated net profits attributable to the parent company of EGP 284.500 million in H1 of the current FY, down from EGP 290.242 million in over the same period last FY.

Meanwhile, net sales dropped to EGP 1.108 billion from EGP 1.17 billion.

Established in 1995, International for Agricultural Crops is a company engaged in farming, trading and distribution of crops and seeds.

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