Cairo – Mubasher: The consolidated net profits after tax of Gadwa for Industrial Development hit EGP 470.17 million since it began operating on 5 September 2021 until 31 December 2022, including non-controlling equity.
Revenues stood at EGP 9.27 billion as of 31 December 2022, according to the income statements.
The earnings per share (EPS) settled at EGP 0.28, whereas the total assets reached EGP 8.52 billion.
Standalone Financial Results
The EGX-listed firm logged standalone net profits after tax worth EGP 7.42 million during the September 2021-December 2022 period.
Non-consolidated revenues amounted to EGP 27.23 million, while the EPS was valued at EGP 0.006.
Additionally, the company reported total standalone assets of EGP 2.10 billion during the 15-month period.
During the period from 5 September 2021 until 30 September 2022, Gadwa recorded consolidated net profits worth EGP 347.61 million.