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October Pharma logs EGP 100.3M profit in 9 months

October Pharma logs EGP 100.3M profit in 9 months

ArabFinance: October Pharma (OCPH) achieved a net profit after tax of EGP 100.32 million in the first nine months of 2021, compared to a profit of EGP 60.66 million in the year-ago period, according to the company’s financial statement filed to the Egyptian Exchange (EGX).

Earnings per share (EPS) stood at EGP 13.38 in the nine-month period ended September 20th, 2021, compared to EPS of EGP 8.09 in the same period of 2020.

Net sales reached EGP 489.07 million in the January-September period of 2021, rising from EGP 379.20 million in the same period of 2020.

In the third quarter (Q3) of 2021, the company’s net profit after tax fell to EGP 30.30 million from EGP 33.23 million in Q3 2020.

October Pharma is an Egypt-based company engaged in the production of human pharmaceutical preparations.

The company’s major shareholders include the Arab Company for Drug Industries and Medical Appliances as well as the Saudi-Egyptian Industrial Investment Company.

 

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