ArabFinance: North Upper Egypt for Development and Agricultural Production (NUDAP) deepened its consolidated net loss to EGP 3.96 million during the first quarter (Q1) of 2021, compared to EGP 285,527 in Q1 2020, the company said in a statement to the Egyptian Exchange.
Standalone net loss reached EGP 3.92 million in Q1 2021, compared to EGP 616,639 in the same period last year.
The company incurred a net consolidated loss of EGP 1.01 million in 2020.
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.