Arab Finance: Speed Medical Company (SPMD) reported a 42.49% year-on-year (YoY) drop in its consolidated net losses attributable to the parent company in 2023, incurring EGP 84.054 million, compared to EGP 146.175 million, the company stated on May 16th.

Operating revenues declined to EGP 60.335 million last year from EGP 120.016 million the year before.

Standalone financials showed net losses after tax of EGP 74.411 million, down from EGP 138.477 million in 2022.

Meanwhile, standalone operating revenues went down to EGP 60.335 million from EGP 120.016 million.

Established in December 2015 and listed on the EGX in March 2019, Speed Medical is a Cairo-based company that operates in the healthcare sector.

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