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Alexandria Pharmaceuticals profits surge 49% in 2 months

Alexandria Pharmaceuticals profits surge 49% in 2 months
Photo Credit: Arabianeye- Reuters
Alexandria Pharmaceuticals
AXPH
-5.64% 232.10 -13.10

Cairo - Mubasher: Alexandria Pharmaceuticals and Chemical Industries registered an increase of 49.55% to EGP 12.9 million in net profits for July and August 2015, compared with EGP 8.6 million for the same months of the previous year.

Meanwhile, the company reported revenues of EGP 80.5 million within this period of 2015, up from EGP 64.4 million for the similar period of the preceding year.

Earlier, the firm's financial indicators reflected a growth of 23.6% to EGP 59 million in its net profits for the fiscal year 2014/15, compared with EGP 47.7 million for the previous year.  

The drug firm is capitalised at EGP 50 million, distributed across 5 million shares at EGP 10 par value each.