Cairo – Mubasher: The board of directors of Nile Pharmaceuticals and Chemical Industries (Nile Pharma) announced that the company’s net profits before taxes leapt by 537% year-on-year (YoY) during the first 10 months of fiscal year 2019/2020.

The Egyptian firm achieved net profits before taxes of EGP 100 million during the 10-month period ended on 30 April, compared to EGP 15.7 million in the corresponding period a year earlier, according to a bourse disclosure on Wednesday.

It is worth mentioning that during the first nine months of FY19/20, the company’s net profits after taxes soared to EGP 67.18 million from EGP 11.29 million in the prior-year period.