Cairo – Mubasher: The profits of Speed Medical Company hiked by 49% year-on-year (YoY) during the first nine months of 2019, the company's consolidated financial statements showed on Monday.

Profits totalled EGP 16.4 million in the January-September period of 2019 from EGP 10.99 million a year earlier, including minority shareholders’ rights, a bourse statement revealed on Monday.

As regards the standalone financials, profits came in EGP 16.41 million in the nine-month period, up from EGP 10.99 million a year earlier.

During the first half of 2019, the company achieved a profit worth EGP 10.7 million from EGP 7.3 million in H1-18, including minority shareholders’ rights.