North Upper Egypt for Development and Agricultural Production (NUDAP) reported consolidated net profits attributable to the parent company in 2022 of EGP 1.380 million, versus net losses of EGP 9.101 million in 2021, according to financial statements filed to the Egyptian Exchange (EGX) on March 6th.
Sales hit EGP 26.646 million last year, up from EGP 827,546 in 2021.
Meanwhile, standalone net profits after tax totaled EGP 1.373 million in the full year ended December 31st 2022, against net losses of EGP 8.984 million the year before.
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.
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