NUDAP widens losses in 9 months
Updated 12/9/2021 12:55:57 PM
ArabFinance: North Upper Egypt for Development and Agricultural Production (NUDAP) incurred a consolidated net loss excluding minority shareholders’ interest of EGP 7.76 million during the first nine months of 2021, up from EGP 389,806 in the year-ago period, according to the company’s financial statements filed to the Egyptian Exchange (EGX).
Consolidated net sales amounted to EGP 777,451 in the nine-month period ended September 30th, 2021, dropping from EGP 18.147 million in the same period of 2020.
During the first half (H1) of 2021, the company’s consolidated net loss incurred EGP 6.49 million, compared to a net profit of EGP 407,670 in H1 2020.
Moreover, the company suffered a standalone net loss of EGP 7.68 million in the January-September period of 2021, rising from EGP 473,896 in the same period last year.
The company’s standalone net loss during H1 2021 stood at EGP 6.46 million, compared to a profit of EGP 203,558 in H1 2020.
