Cairo – Mubasher: Medical Packaging Company reported a 54% year-on-year (YoY) increase in its net profits to EGP 2.51 million during the first quarter (Q1) of 2021, compared to EGP 1.63 million.

The sales rose to EGP 12.03 million in the January-March period from EGP 9.56 million in the prior-year period, the company said in a bourse disclosure on Thursday.

During 2020, the company logged net profits of EGP 4.4 million, compared to EGP 5.54 million a year earlier.

The company generated EGP 36.73 million in sales last year, up from EGP 29.76 million in 2019.