Cairo – Mubasher: Arab Drug Co. reported a 1.69% year-on-year increase in its net profits before taxes during fiscal year 2018/2019.

Net profits before taxes amounted to EGP 54.318 million in the 12-month period ended 30 June, compared to EGP 53.414 million in the year-ago period, the company said in a statement to the Egyptian Exchange (EGX) on Wednesday.

Net sales rose by 13.62% to EGP 435.1 million in FY18/19 from EGP 382.93 million in FY17/18.

From July 2018 to last May, the company posted a 13.6% year-on-year increase in profit before taxes, logging EGP 50.29 million from EGP 44.26 million.

Net sales grew to EGP 406.69 million in the 11-month period ended 31 May, compared to EGP 358.29 million in the year-ago period.