Cairo - Mubasher: The total accumulated losses of Northern Upper Egypt Development and Agricultural Production Company (NUDAP) surged 482% in the first half of 2016 compared to the same period last year.
The company recorded a net loss of EGP 1.99 million in H1-16, compared to nearly EGP 341,400 in H1-15, according to the company’s bourse filing on Thursday.
NUDAP’s sales reached EGP 25.27 million, with a 612% year-on-year increase, compared to a total of EGP 3.55 million in the same period last year.
