Northern Upper Egypt gains EGP 3.4M in 1H2019

Updated 8/18/2019 3:44:00 PM

ArabFinance: Northern Upper Egypt Development & Agricultural Production (NEDA) announced in a statement sent to EGX, the audited financial results for the fiscal period starting January 1, 2019, and ending June  30, 2019.

The company posted consolidated net profits of EGP 3,390,478, against incurring net losses of EGP 2,804,170 in the same period a year ago, taking into account the minority rights. 

Moreover, it posted standalone net profits of EGP 2,773,902, against incurring net losses of EGP 2,282,799 in the same period last year.