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Nile Pharma's indicators show EGP 27m profit in 4M

Nile Pharma's indicators show EGP 27m profit in 4M
Nile Pharma turned profitable in four months
Nile Pharmaceuticals
NIPH
-2.48% 22.44 -0.57

Cairo – Mubasher: The financial indicators of Nile Pharmaceuticals and Chemical Industries (Nile Pharma) showed a turn to profitability during the first four months of fiscal year 2019/2020.

The company logged a net profit of EGP 26.6 million during the July-October period, against losses of EGP 12.6 million in the year-ago period, according to a statement to the Egyptian Exchange (EGX) on Sunday.

It is noteworthy that during the first quarter of FY19/20, Nile Pharma reported a net profit of EGP 15.49 million in the three-month period ended 30 September, against a net loss of EGP 9.5 million in the year-ago period.