Gadwa’s consolidated profits hit EGP 290.8M in end-2022

Updated 3/6/2023 10:06:00 AM
Gadwa’s consolidated profits hit EGP 290.8M in end-2022

Arab Finance: Gadwa for Industrial Development’s (GDWA) consolidated profit attributable to the holding company reached EGP 290.812 million since its establishment in September 2021 to the end of 2022, according to financial statements filed to the Egyptian Exchange (EGX) on March 6th.

Operating revenue amounted to EGP 9.276 billion during the period from September 2021 to December 31st 2022.

Gadwa reported standalone net profits after tax of EGP 7.420 since its establishment until the end of last year, financial statements showed.

Established in September 2021, Gadwa is a Cairo-based company listed on the EGX that operates within investment in the industrial sector.

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