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Ibnsina Pharma’s profit inches up

Ibnsina Pharma’s profit inches up

ArabFinance:  Ibnsina Pharma’s (ISPH) inched up during the first quarter (Q1) of 2021, according to the company’s filing to the Egyptian Exchange on May 31st.

Consolidated net profit recorded EGP 50.37 million in Q1 2021, compared to EGP 50.27 million in Q1 2020.

The standalone net profit of the listed company fell to EGP 224.66 million in Q1 2021, compared to EGP 328.77 million in the same period of the prior year.

Ibnsina’s consolidated net profit reached EGP 224.66 million in 2020, down 31.6% when compared to EGP 328.77 million in 2019.

Ibnsina 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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