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IDH sees 206% higher consolidated profits in 9M

IDH sees 206% higher consolidated profits in 9M
The company's revenues rose to EGP 3.76 billion

Cairo – Mubasher: Integrated Diagnostics Holdings (IDH) reported a 206% year-on-year (YoY) surge in consolidated net profits to EGP 1.147 billion during the first nine months of 2021, compared to EGP 375.42 million.

The company's revenues rose to EGP 3.76 billion in the January-September period of 2021 from EGP 1.67 billion in the year-ago period, according to a bourse filing on Tuesday.

As for the standalone businesses, the company's net profits declined to $25.74 million in the first nine months of 2021 from $27.51 million in the corresponding period of 2020.

It is noteworthy to mention that during the first half (H1) of 2021, the company's net profits surged 283% to EGP 668 million, compared to EGP 175 million in H1-20.