Cairo – Mubasher: Memphis Pharmaceutical and Chemical Industries Company’s ordinary general meeting (OGM) has approved the estimated budget for fiscal year 2017/2018, with a target net profit of EGP 7 million, compared an expected profit of EGP 4 million for FY16/17.

Furthermore, the OGM adopted an investment budget worth EGP 13 million for FY17/18, according to a bourse filing released on Sunday.