ArabFinance: Gadwa for Industrial Development’s (GDWA) consolidated profit attributable to the parent company has reached EGP 104.462 million since its establishment to the end of 2021, according to financial statements filed to the Egyptian Exchange (EGX) on Tuesday.

Operating revenue amounted to EGP 1.264 billion during the period from September 2021 to December 31^st 2021.

At the other end of the spectrum, Gadwa reported a standalone net loss after tax of EGP 973,327 since its establishment until the end of last year, financial statements showed.

Established in September 2021, Gadwa is a Cairo-based company listed on the EGX that operates within investment in the industrial sector.