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EIPICO reports 3.27% YoY profit increase in H1

EIPICO reports 3.27% YoY profit increase in H1

ArabFinance: The Egyptian International Pharmaceutical Industries Company (EIPICO) (PHAR) reported a 3.27% year-on-year (YoY) increase in consolidated net profit for the first half (H1) of 2021, according to the company’s financial statements.

Consolidated net profit after tax recorded EGP270.76 million during the six-month period ended June 30th, compared to profit of EGP 262.20 million in H1 2020.

Meanwhile, standalone net profit after tax rose by 10% YoY to EGP 244.99 million from EGP 221.76 million.

Last Sunday, EIPICO announced it achieved sales of EGP 1.54 billion in H1 of 2021.

EIPICO is an Egypt-based public shareholding company that operates in the pharmaceutical industry. It is a manufacturer and exporter of pharmaceuticals and holds license agreements with a group of international.

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