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El-Nile Pharmaceuticals posts unaudited profits of LE6 m in 11 months

El-Nile Pharmaceuticals posts unaudited profits of LE6 m in 11 months

Arab Finance: El-Nile Co. For Pharmaceuticals and Chemical Industries’(NIPH) board of directors was convened on 04/07/2016.

BoD approved financial results from July 2015 till June 2016, which revealed posting distributable net profits of LE6.8 million, versus net profits of LE17.9 million a year earlier.

Moreover, BoD ratified repaying El Nasr Glass & Crystal Co. entire dues in one payment instead of installments to obtain the discount they agreed.

Source: EGX & Arab Finance editor

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