Cairo – Mubasher: Sabaa International Company for Pharmaceutical and Chemical Industry reported a 10.3% decline in the second quarter’s net profits, according to a bourse filing.

Thus, net profits reached EGP 524,070 in Q2, compared with EGP 584,090 for the year-ago period.

Over the first six months, the company’s profits edged up to EGP 1.17 million from EGP 1.15 million for the first half of 2015.

Sales increased by 15% year-over-year to EGP 11.17 million from EGP 10.01 million.

Earlier, the company announced that it attempts to raise revenues from EGP 40 million to EGP 60 million by the end of 2016.