Cairo – Mubasher: Speed Medical Company aims to inject EGP 175 million in new investments during 2022, according to a bourse filing on Sunday.

Through these investments, the company aims to raise the number of the medical analysis lab's branches to 185 from 135 by the end of 2022 and expand the capacity of Speed Hospital to 140 beds.

The company will also invest in expanding the activities of specialized clinics.

It is noteworthy to mention that during the first nine months (9M) of 2021, the consolidated net profits of Speed Medical Company surged by 239% to EGP 166.77 million from EGP 49.08 million in the year-ago period.