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October Pharma’s profit jumps 227.5% in 9M

October Pharma’s profit jumps 227.5% in 9M
Revenues grew to EGP 379 million in the January-September period
October Pharma
OCPH
-5.98% 100.00 -5.98

Cairo – MubasherOctober Pharma reported a 227.5% year-on-year (YoY) leap in its net profits, registering EGP 60.6 million in the first nine months of 2020, compared to EGP 18.5 million.

Revenues grew to EGP 379 million in the January-September period from EGP 376 million in the prior-year period, the company said in a bourse disclosure on Thursday.

During the first half (H1) of 2020, October Pharma achieved net profits of EGP 27 million, compared to EGP 3.33 million in H1-19.