Cairo – Mubasher: Alexandria Pharmaceuticals and Chemical Industries reported a 27.9% profit increase in its profits for the first four months of 2016/17, according to a bourse filing on Wednesday.

Net profits reached EGP 37.17 million in the four months ended in last October, compared with EGP 29.06 million for the year-ago period.

Revenues rose 13.8% year-on-year to EGP 171.80 million from EGP 150.9 million, the filing revealed.

The stock quote rose 1.15% to EGP 51.98 by 11:33am Cairo time on Wednesday.