Arab Finance: The International Company for Agriculture Crops (IFAP) posted a 17.8% year-on-year (YoY) increase in consolidated net profits attributable to the parent company in the fiscal year (FY) 2023/2024 to EGP 518.97 million from EGP 440.603 million, according to the firm’s financial statement.

However, net sales dropped to EGP 1.929 billion from EGP 2.343 billion.

As for the standalone financials, the company earned net profits after tax of EGP 487.489 million last FY, compared to EGP 284.329 million the year before.

Established in 1995, International for Agricultural Crops is a company engaged in farming, trading and distribution of crops and seeds.

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