Egypt: ICMI sees 9% YoY profit hike in 2023

The company’s net profits rose to EGP 999,730 in January-December from EGP 918,598 in 2022

Staff Writer, Arab Finance

February 26, 2024

PHOTO

International Company for Medical Industries (ICMI) reported a 9% year-on-year (YoY) growth in net profits after tax during 2023, according to the financial statement filed to the Egyptian Exchange (EGX) on February 26th.

The company’s net profits rose to EGP 999,730 in January-December from EGP 918,598 in 2022.

Sales dropped to EGP 6.188 million in the 12 months to December 31st from EGP 11.970 million in the corresponding period of 2022.

Established in 2004, ICMI operates within the healthcare equipment and services sector focusing on healthcare equipment.

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.