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October Pharma to close its UAE branch

October Pharma to close its UAE branch
October Pharma’s profits plunged to EGP 3.33 million in H1
October Pharma
OCPH
-1.02% 100.00 -1.02

Cairo – Mubasher: The board of directors of October Pharma approved to close the firm’s unit in the UAE.

The board’s decision followed a change in circumstances on which the said branch was established, according to a disclosure to the Egyptian Exchange (EGX) on Monday. 

It is worth highlighting that during first half of 2019, October Pharma’s profits plunged to EGP 3.33 million from EGP 9.99 million in the corresponding period in 2018.