Arab Finance: North Upper Egypt for Development and Agricultural Production (NUDAP) reported a 68.3% year-on-year (YoY) decrease in consolidated net profits attributable to the parent company in the first nine months of 2023 to EGP 339,059 million, versus EGP 1.071 million, according to a filing on November 15^th.

Sales hit EGP 29.486 million in the January-September period, up from EGP 15.969 million in the same period a year ago.

The company’s standalone net profits after tax totaled EGP 372,865 in the nine months ended September 30^th, down from EGP 1.085 million in the corresponding period of 2022.

NUDAP is an Egypt-based public shareholding company that operates in the agricultural sector. The company is primarily engaged in producing and trading agricultural chemicals such as fertilizers, insecticides, and pesticides.

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