Cairo – Mubasher: International Agricultural Products logged net profits of EGP 17.99 million, a decrease of 84.1% year-on-year (YoY) in the first nine months of fiscal year 2019/2020 from EGP 113.29 million.

The company’s sales retreated to EGP 327.25 million in the nine-month period ended on 31 March, compared to EGP 364.03 million in the year-ago period, according to a bourse disclosure on Sunday.

It is worth mentioning that in the first half of FY19/20, the company reported net profits of EGP 7.21 million, down from EGP 103.96 million in the corresponding period a year earlier.