Cairo - Mubasher: Speed Medical Company announced that the CEO of its wholly-owned subsidiary Speed Labs, Mahmoud Abdel Wahab Ahmed Elewa, signed a contract to conduct pre-employment examinations in 120 sites affiliated to Speed Medical in 17 governorates.

Examinations will be conducted for about 1 million Egyptians expected to travel to rebuild Libya until the end of 2022 with an expected total value of EGP 965 million and a net profit margin of about 27%, the company said in a bourse disclosure on Monday. 

The company expects these tests to start immediately at the end of July and that 30% of this contract will be completed during the current year and the rest during 2022.
During the first quarter (Q1) of 2021, Speed Medical Company reported net profits of EGP 40.92 million, compared to EGP 7.17 million in the year-ago period.