El-Nile for Pharmaceuticals posts 33% YoY profit surge in FY2022/23: Egypt

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The firm earned EGP 119.213 million in net profits in FY 2022/2023

Staff Writer, Arab Finance

September 15, 2023

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El-Nile Co. for Pharmaceuticals and Chemical Industries’ (NIPH) net profits after tax increased 32.9% year on year (YoY) in fiscal year (FY) 2022/2023, according to the company’s financial indicators.

The firm earned EGP 119.213 million in net profits in FY 2022/2023, up from EGP 89.672 million in the previous FY.

Revenues recorded a 14.6% yearly increase to EGP 1.005 billion from EGP 876.780 million in FY 2021/2022.

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