ICAP is engaged in farming, trading, and distribution of crops and seeds.
The company purchases cotton flowers and cotton seeds from producers, undertakes contracting activities with cotton ginning companies, and trades in cotton fibers and seeds.
International for Agricultural Products swings to loss
Updated 11/18/2020 9:04:00 AM
ArabFinance: International Company for Agricultural Products (ICAP) incurred a net loss of EGP 5,192,707 in the first three months of the fiscal year (FY) 2020/2021, according to the company’s November 15th financial statements filed to the Egyptian Exchange.
In the July-September period of 2019, the company posted a net profit of EGP 5,392,450.
First Financial Consultation, an independent financial advisor, earlier set the par value of ICAP's stock at EGP 337.80 per share.
