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Alexandria Pharmaceuticals posts 21% lower profit in 10 months

Alexandria Pharmaceuticals posts 21% lower profit in 10 months
The revenues grew to EGP 971.02 million in the period ended 30 April
Alexandria Pharmaceuticals
AXPH
-2.65% 215.08 -5.86

Cairo – Mubasher: Alexandria Co. for Pharmaceuticals and Chemical Industries recorded net profits of EGP 118.11 million in the first 10 months of fiscal year (FY) 2020/2021, down by 21% year-on-year (YoY) from EGP 149.6 million.

The revenues grew to EGP 971.02 million in the 10-month period ended 30 April, compared to EGP 883.13 million in the corresponding period a year earlier, the company said in a bourse disclosure on Wednesday.

During the first nine months of FY20/21, the company logged net profits of EGP 108.17 million, down from EGP 134.37 million in the year-ago period.