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Ibnsina Pharma Q1 profit rises

Ibnsina Pharma Q1 profit rises

ArabFinance: Ibnsina Pharma (ISPH) posted a 20% Year on Year increase in its net profit in Quarter one (Q1), according to the company’s June 9th financial statements filed to the Egyptian Exchange.

Net profit stood at EGP 50,275,986 in Q1 2020, compared to EGP 41,978,356 achieved in the prior-year period.

Aiming to support the Egyptian government's efforts to combat coronavirus, Ibnsina decided to donate for Ahalina initiative to support irregular workers.

This came in response to the Egyptian government's decision to launch a bank account number 2030 for donations to aid seasonal workers who have been impacted by the coronavirus pandemic.

Ibnsina Pharma is an Egypt-based pharmaceutical distribution company. The company distributes a portfolio of pharmaceutical products from over 350 Egyptian and multinational companies to more than 35,000 customers including pharmacies, hospitals, retail outlets, and wholesalers.

 

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