Cairo – Mubasher: Nile Pharmaceuticals and Chemical Industries posted on Wednesday a rise of 231.2% in its profits for the first half of fiscal 2016-2017.

Net profit reached EGP 15.9 million in H1-16/17, compared to EGP 4.8 million for H1-15/16, according to a bourse filing.

On another note, the company’s board of directors agreed to change the contract price of supplying Urosolvine to EGP 45,000 per ton as of this Month.