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Minapharm sees profits drop in 3 months

Minapharm sees profits drop in 3 months

ArabFinance: Minapharm Pharmaceuticals’ (MIPH) announced Wednesday, in a statement sent to EGX, the financial results for the fiscal period starting January 1, 2019, and ending March 31, 2019.

The company posted standalone net profits of EGP 6.48 million, compared to net profits of EGP 13 million recorded in the same period a year ago.

Moreover, the company recorded consolidated net profits of EGP 43.99 million in the first quarter of 2019, compared to EGP 82.6 million profits in the year-ago period.

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