Cairo – Mubasher: Ibnsina Pharma reported a 19.76% year-on-year (YoY) increase in its net profits to EGP 50.27 million in the first quarter of 2020, compared to EGP 41.97 million.

The company’s sales rose to EGP 4.55 billion in the first three months of 2020 from EGP 3.8 billion in the year-ago period, according to a statement to the Egyptian Exchange (EGX) on Tuesday.

It is worth noting that in 2019, Ibnsina Pharma logged net profits of EGP 328.77 million, up from EGP 262.5 million in the previous year.