Cairo – Mubasher: The financial indicators of Arab Drug Co showed a 50.8% year-on-year growth in its pre-tax profits during the first quarter of fiscal year 2019/2020.

The company’s net profits before taxes registered EGP 19.33 million in the July-September period of FY19/20, compared to EGP 12.8 million in the year-ago period, according to a filing to the Egyptian Exchange (EGX) on Thursday.

Meanwhile, revenues rose to EGP 129.95 million in the three-month period ended 30 September, compared to EGP 105.63 million in the corresponding period a year earlier.

It is noteworthy that during FY18/19, Arab Drug Co’s net profits after taxes increased to EGP 43.103 million from EGP 39.47 million in FY17/18.