Cairo – Mubasher: The net profits of Memphis Pharmaceutical and Chemical Industries have hiked by 558% to EGP 34.18 million in the first ten months of fiscal year (FY) 2020/2021, compared to EGP 5.2 million in the year-ago period.

The company's revenues increased by 9.9% to EGP 453.94 million in the July-April period from EGP 413.02 million in the year-ago period, according to a bourse filing on Sunday.

It is noteworthy to mention that in the first nine months of FY 2020/2021, the company posted a 386% leap in its net profits, registering EGP 25.37 million, compared to EGP 5.22 million in the year-ago period.