NUDAP cuts consolidated loss by 76.3% YoY in Q1
Updated 5/31/2022 3:18:00 PM
Arab Finance: North Upper Egypt for Development and Agricultural Production (NUDAP) reported a 76.34% year-on-year (YoY) drop in consolidated net loss after tax for the first quarter (Q1) of 2022, according to the consolidated financial statement filed to the Egyptian Exchange (EGX) on May 31st.
The company has incurred a consolidated net loss after tax of EGP 948,563 in Q1 2022, versus EGP 4.009 million in Q1 2021.
At the level of standalone financial statement, the company has suffered a net loss of EGP 884,096 in Q1 2022, down from EGP 3.92 million in Q1 2021.
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.
