Cairo – Mubasher: October Pharma aims at raising its sales by 31% to EGP 480 million in 2018 as part of the company’s budget plan.

The target increase in sales does not include Sigma Co’s cosmetics, which made up 10% of the company's last year sales, October Pharma added in a bourse filing.

The pharmaceuticals company seeks local sales at a value of EGP 337 million over the next year, in addition to EGP 59 million of exports and EGP 85 million of Sigmas Co’s sales, the company highlighted.

October Pharma seeks to achieve investments of about EGP 30 million in the coming year.

The company’s capital amounts to EGP 60 million distributed over 6 million shares at a par value of EGP 10 per share.