Cairo – Mubasher: The net profits of Speed Medical Company hiked by 97% year-on-year (YoY) to EGP 21.2 million in the first half (H1) of 2020 from EGP 10.75 million.

The company generated EGP 59.1 million in revenue in the January-June period, up from EGP 39.3 million in the corresponding period a year earlier, according to a bourse disclosure on Sunday.

As for standalone business, the Egyptian firm reported net profits of EGP 21.2 million in H1-20, compared to EGP 10.75 million in H1-19.

During the first quarter (Q1) of 2020, Speed Medical Company’s net profits rose to EGP 7.17 million from EGP 5.81 million in Q1-19.