Cairo – Mubasher: Memphis Pharmaceutical and Chemical Industries posted on Sunday a net profit before taxes of EGP 4 million for the first seven months of fiscal year 2016/2017, 583.7% up from EGP 585,000 for the same period in the previous year, according to a bourse filing.

By 11:04am Cairo time, the stock declined 4.51% to EGP 9.10.