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Arab Drug logs EGP 102m profit in FY20/21

Arab Drug logs EGP 102m profit in FY20/21
The revenues increased to EGP 537 million in the year ended 30 June
ADCO
ADCI
-1.62% 92.50 -1.52

Cairo - MubasherArab Drug Company achieved net profits of EGP 102 million in fiscal year (FY) 2020/2021, up by 9.9% year-on-year (YoY) from EGP 92.8 million, the unaudited financial results showed. 

The revenues increased to EGP 537 million in the year ended 30 June, compared to EGP 521.07 million a year earlier, the company said in a bourse disclosure on Thursday. 

During the first 11 months of FY20/21, Arab Drug Company achieved net profits before tax of EGP 122.2 million, up from EGP 112.68 million in the same period in FY19/20.