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Arab Drug reports profit of EGP 94M

Arab Drug reports profit of EGP 94M

ArabFinance:  The Arab Drug Company (ADCI) reported an 18% Year on Year increase in its net profit during the July-February period of 2020, according to the company’s March 11th statement filed to the Egyptian Exchange.

Net profit stood at EGP 94.285 million during the eight-month period ended February 28th 2021, compared to EGP 80.054 million in the prior-year period of 2020.

The listed company achieved a net profit before tax worth EGP 75.238 million during the first six months of the fiscal year 2020/2021.

Arab Drug is an Egypt-based company engaged in the pharmaceutical sector. The company focuses on the manufacture, packaging, and distribution of pharmaceutical products as well as chemical solutions for human and veterinary use.

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