The board of Advanced Pharmaceutical Packaging endorsed H1-14 consolidated financial results that mirrored EGP 954 thousand net profit, with a decline by 47% year-over-year from EGP 1.8 million.
H1 topline amounted to EGP 14.5 million, compared with EGP 19.4 million in H1-13.
The company had posted net profit of EGP 793 thousand for Q1-FY14 with a decrease by 2%, compared to EGP 809 thousand in the same period a year earlier.
The company’s FY13 financial results had shown a drop in net profit by 39% to EGP 1.896 million, from EGP 3.134 million net profits in FY12.