Minapharm Pharmaceuticals sees higher profit

Minapharm Pharmaceuticals (Minapharm) reported a 37% Year on Year (YoY) jump in its consolidated net profit during the first quarter

  

ArabFinance: Minapharm Pharmaceuticals (Minapharm) reported a 37% Year on Year (YoY) jump in its consolidated net profit during the first quarter (Q1) of 2021, the company said in a statement to the Egyptian Exchange.

Consolidated net profit stood at EGP 119.88 million in Q1 2021, compared to EGP 75.25 million in Q1 2020.

The company’s standalone net profit recorded EGP 57.92 million by the end of March, compared to EGP 18.47 million in the same period a year ago.

In 2020, the company logged a consolidated net profit of EGP 300.78 million.

Minapharm Pharmaceuticals is an Egypt-based company engaged in the production and distribution of pharmaceutical products. It is in cooperation with several international pharmaceutical companies and it distributes its products within and outside Egypt.

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