Mubasher TV
Contact Us Advertising   العربية

Arab Drug sees 18% higher pretax profits in 8M

Arab Drug sees 18% higher pretax profits in 8M
The company's sales rose to EGP 376.06m
ADCO
ADCI
-7.11% 94.19 -6.70

Cairo – Mubasher:  The net profits before tax of Arab Drug Company increased by 17.7 % year-on-year (YoY) to EGP 94.28 million during the first eight months of fiscal year 2020/2021, compared to EGP 80.05 million.

The company's sales rose to EGP 376.06 million during the July-February period from EGP 368.08 million in the year-ago period, according to a bourse filing on Thursday.

It is noteworthy to mention that during the first half (H1) of fiscal year 2020/2021, the company's net profits before tax jumped by 20.47% to EGP 72.62 million, compared to EGP 60.28 million in the year-ago period.