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Integrated Diagnostics Holdings reports 230% higher profit in Q1-21

Integrated Diagnostics Holdings reports 230% higher profit in Q1-21
The revenues surged by 126% YoY to EGP 1.130 billion

Cairo – Mubasher: Integrated Diagnostics Holdings reported a 230% year-on-year (YoY) leap in its net profits to EGP 339 million in the first quarter (Q1) of 2021, compared to EGP 102.5 million.

The company’s revenues surged by 126% YoY to EGP 1.130 billion in the January-March period, compared to EGP 499.8 million, according to a bourse disclosure on Wednesday.

The growth in net profits was ascribed to the strong demand for diagnostic tests related to the COVID-19.