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Memphis Pharmaceutical turns to losses in FY14/15

Memphis Pharmaceutical turns to losses in FY14/15
Photo Credit: Arabianeye-Reuters
Memphis Pharmaceutical
MPCI
-5.50% 90.73 -5.28

Cairo - Mubasher: Memphis Pharmaceutical Co. reported its adjusted unaudited financial results for the fiscal year 2014/15, that reflected losses of EGP 10.3 million ($1.2 million) against profits of EGP 14,000 ($1,600) for the same previous year.

Meanwhile, the firm posted gross profits of EGP 382.2 million in FY14/15, compared with EGP 375.5 million in the preceding year.

The drug firm is capitalised at EGP 56.2 million, distributed across 5.6 million shares at EGP 10 par value each.