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NUDAP loss shrinks 62% in nine months

NUDAP loss shrinks 62% in nine months
NUDAP
NEDA
1.44% 1.62 0.02

The board of Northern Upper Egypt Development & Agricultural Production (NUDAP) endorsed financial indicators for the nine-month period that ended on September 30, 2014, which showed EGP 391.1 thousand net loss, narrowing 62.6% from EGP 1 million in the same period a year earlier.

Financial results for H1 that ended on June 30, 2014 had shown that the company logged EGP 587 thousand net loss in H1, narrowing 37% compared with EGP 933 thousand in the same period a year earlier.
H1 revenues amounted to EGP 4 million, compared with EGP 4.1 million in the same period a year earlier.
Q1 net loss had reached EGP 459 thousand, deepening 46% year-over-year from EGP 314 thousand net loss incurred in the same period a year earlier. FY13 net profit had fallen to EGP 2.53 million from EGP 5.93 million in FY12.