Cairo – Mubasher: The unaudited financial results of October Pharma reported an 18.75% year-on-year increase in its profits during the first nine months of 2019.

Net profits amounted to EGP 19 million during the January-September period, compared to EGP 16 million in the prior-year period, the company said in a statement to the Egyptian Exchange (EGX) on Monday.

Meanwhile, sales increased to EGP 376 million in the nine-month period ended 30 September from EGP 277 million in the corresponding period a year earlier.

It is worth mentioning that during the first half of 2019, October Pharma posted a net profit of EGP 3.33 million, compared to EGP 9.99 million in H1-18.

Source: Mubasher

All Rights Reserved - Mubasher Info © 2005 - 2019 Provided by SyndiGate Media Inc. (Syndigate.info).

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.