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Nile Pharmaceuticals eyes EGP 24.5m profit in FY17/18

Nile Pharmaceuticals eyes EGP 24.5m profit in FY17/18
Photo Credit: Arabianeye-Reuters
Nile Pharmaceuticals
NIPH
-2.21% 81.83 -1.81

Cairo – Mubasher: Nile Pharmaceuticals and Chemical Industries targets to achieve profits worth EGP 24.5 million in the estimated budget set for fiscal year 2017/2018 in comparison with EGP 24.25 million for the current fiscal year.

The company noted that it targets revenues worth EGP 570 million for FY17/18 as compared to EGP 415 million in FY16/17, according to a bourse statement issued on Thursday.

Nile Pharmaceuticals mulls investments worth EGP 40 million in FY17/18, compared to EGP 15 million this year.