Cairo – Mubasher: The consolidated financial statements of Speed Medical Company revealed a 199% year-on-year (YoY) leap in its net profits, logging EGP 49.08 million during the first nine months of 2020, compared to EGP 16.419 million.

Revenues grew to EGP 112.8 million in the January-September period from EGP 61.13 million in the prior-year period, the company said in a bourse disclosure on Monday.

The standalone financial results also showed net profits of EGP 49.08 million in the nine-month period ended 30 September, compared to EGP 16.41 million in the corresponding period a year earlier.

During the first half (H1) of 2020, the company reported net profits of EGP 21.2 million, up from EGP 10.75 million in the year-ago period.