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Julphar turns to loss in 2018

Julphar turns to loss in 2018
Net losses reached AED 153 million in 2018
Julphar
JULPHAR
0.11% 0.95 0.00

Abu Dhabi – Mubasher: Gulf Pharmaceutical Industries (Julphar) on Thursday stated that the company turned to loss in the full-year 2018.

Net losses reached AED 153 million in 2018, against a profit worth AED 90.3 million in 2017, the company said in a statement to the Abu Dhabi Securities Exchange (ADX).

Earnings per share (EPS) recorded AED 12.8 for the year ended 31 December 2018, compared to AED 8.4 in the same period a year earlier.

Revenues of the UAE-based company hit AED 862.8 million in 2018, versus AED 1.273 billion in 2017.

By the end of Thursday’s session, Julphar’s stock went down 1.16% at AED 1.7.