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Memphis Pharmaceutical’s pretax profit jumps 463% in H1-20/21

Memphis Pharmaceutical’s pretax profit jumps 463% in H1-20/21
Revenues rose to EGP 267.86 million in the July-December period
Memphis Pharmaceutical
MPCI
-9.05% 23.22 -2.27

Cairo – Mubasher: The unaudited financial results of Memphis Pharmaceutical and Chemical Industries showed net profits before taxes of EGP 18.81 million in the first half (H1) of fiscal year 2020/2021, up by 463% year-on-year (YoY) from EGP 3.34 million.

Revenues rose to EGP 267.86 million in the July-December period of 2020, compared to EGP 251.14 million in the year-ago period, the company said in a bourse disclosure on Wednesday.

During the first quarter of FY20/21, the company logged EGP 8.03 million in net profits, up from EGP 1.17 million in the corresponding period a year earlier.