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NUDAP turns to profit in Q1

NUDAP turns to profit in Q1
Photo Credit: Arabianeye-Reuters
NUDAP
NEDA
-0.97% 1.94 -0.02

Northern Upper Egypt Development and Agricultural Production (NUDAP) posted EGP 134.23 million in profits for the first quarter of 2015, against EGP 456.9 million in losses for the same period of 2014.

The company's revenues retreated to EGP 1.8 million in Q1-15, compared with EGP 2.1 million for the same period of the previous year.

NUDAP is capitalised at EGP 90 million, distributed across 9 million shares at EGP 10 par value each.