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Alexandria Pharmaceuticals reports 19.5% lower profit in nine months

Alexandria Pharmaceuticals reports 19.5% lower profit in nine months
The revenues increased to EGP 890.26 million in the period ended 31 March

Cairo – Mubasher: Alexandria Co. for Pharmaceuticals and Chemical Industries logged net profits of EGP 108.17 million in the first nine months of fiscal year (FY) 2020/2021, down by 19.5% year-on-year (YoY) from EGP 134.37 million, the unaudited financial results showed.

The revenues increased to EGP 890.26 million in the nine-month period ended 31 March, compared to EGP 799.48 million in the corresponding period a year earlier, the company said in a bourse disclosure on Wednesday.

During the first half (H1) of FY20/21, the company posted net profits of EGP 79 million, down from EGP 85.26 million in the corresponding period a year earlier.