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Arab Drug’s net profits up 104% YoY in H1-19/20

Arab Drug’s net profits up 104% YoY in H1-19/20
Arab Drug's net sales rose to EGP 271.8 million in 6M
ADCO
ADCI
-2.94% 91.26 -2.76

Cairo – Mubasher: The net profits after tax of Arab Drug Company more than doubled by 104% year-on-year to EGP 45.12 million during the first half of fiscal year 2019/2020 from EGP 22.1 million in the same half of the prior fiscal year.

The company’s net sales rose to EGP 271.8 million during the July-December 2019 period from EGP 214.2 million in the corresponding period of the earlier fiscal year, the company disclosed to the Egyptian Exchange (EGX) on Thursday.

It is noteworthy to mention that in fiscal year 2018/2019 ending in June last year, the company’ net profits after tax amounted to EGP 43.103 million from EGP 39.47 million in the prior fiscal year.

The revenues registered around EGP 436.35 million during FY18/19 from EGP 382.93 million from the prior year.