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October Pharma’s profit rises 19% in 9M unaudited financials

October Pharma’s profit rises 19% in 9M unaudited financials
Sales increased to EGP 376 million
October Pharma
OCPH
-1.02% 100.00 -1.02

Cairo – Mubasher: The unaudited financial results of October Pharma reported an 18.75% year-on-year increase in its profits during the first nine months of 2019.

Net profits amounted to EGP 19 million during the January-September period, compared to EGP 16 million in the prior-year period, the company said in a statement to the Egyptian Exchange (EGX) on Monday.

Meanwhile, sales increased to EGP 376 million in the nine-month period ended 30 September from EGP 277 million in the corresponding period a year earlier.

It is worth mentioning that during the first half of 2019, October Pharma posted a net profit of EGP 3.33 million, compared to EGP 9.99 million in H1-18.