Cairo – Mubasher: Speed Medical Company announced that its 30%-owned sister company, Prime Speed Medical, signed agreements with five local and Arab airlines to provide analysis services for travellers and employees.

The company also signed contracts with visa providing companies and insurance companies to complement their services, according to a bourse disclosure on Tuesday.

In addition, the company also acquired an Abbot device that provides PCR results within 10 minutes and achieves five times higher accuracy than normal devices.

A drive thu branch will be opened in the near future at Cairo University in collaboration with Kasr El-Aini College of Medicine and the Supreme Council of University Hospitals.

During the first nine months of 2020, Speed Medical Co. logged EGP 49.08 million in net profits, compared to EGP 16.419 million in the year-ago period.