Cairo - Mubasher: Northern Upper Egypt Development and Agricultural Production Company's (NUDAP) losses surged 500% in the first nine months of 2016.

The company suffered a net loss of EGP 3.15 million in the nine-month period of 2016 compared to EGP 525,000 in the year-ago period, according to a bourse filing on Sunday.

NUDAP’s net standout losses reached EGP 2.9 million on the aforementioned period, compared to a total of EGP 1.06 million in the same period last year.