Memphis Pharmaceutical’s pretax profit jumps 463% in H1-20/21

Revenues rose

Cairo – Mubasher: The unaudited financial results of Memphis Pharmaceutical and Chemical Industries showed net profits before taxes of EGP 18.81 million in the first half (H1) of fiscal year 2020/2021, up by 463% year-on-year (YoY) from EGP 3.34 million.

Revenues rose to EGP 267.86 million in the July-December period of 2020, compared to EGP 251.14 million in the year-ago period, the company said in a bourse disclosure on Wednesday.

During the first quarter of FY20/21, the company logged EGP 8.03 million in net profits, up from EGP 1.17 million in the corresponding period a year earlier.

Source: Mubasher

All Rights Reserved - Mubasher Info © 2005 - 2021 Provided by SyndiGate Media Inc. (

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.

More From Equities