ArabFinance: International Company for Agricultural Products (IFAP) reported a net profit after tax of EGP 24.92 million in fiscal year (FY) 2020/2021, compared to a profit of EGP 25.36 million in FY 2019/2020, according to the company’s financial statement filed to the Egyptian Exchange (EGX).

Earning per share (EPS) amounted to EGP 0.25 in FY 2020/2021, compared to EGP 0.26 per share in FY 2019/2020.

Net sales stood at EGP 542.01 million in FY 2020/2021, up from EGP 505.52 million in FY 2019/2020.

International for Agricultural Products is engaged in farming, trading, and distribution of crops and seeds. The company purchases cotton flowers and cotton seeds from producers, undertakes contracting activities with cotton ginning companies, and trades in cotton fibers and seeds.