Cairo – Mubasher: Nile Pharmaceuticals and Chemical Industries posted on Monday a year-on-year rise of 290% in its profits for the first eleven months of fiscal year 2016/2017.

Net profit for the first eleven months of FY16/17 reached EGP 23 million, compared to EGP 5.9 million for the same period last year, according to a bourse filing.

By 10:46 am Cairo time, the stock rose 0.63% to EGP 15.99.