Union Pharmacist Company’s losses surge 981.98% YoY in Q1

Updated 5/30/2023 11:32:00 AM
Union Pharmacist Company’s losses surge 981.98% YoY in Q1

Arab Finance: Union Pharmacist Company for Medical Services and Investment (UPMS) posted a 981.98% year-on-year (YoY) increase in net losses for the first quarter (Q1) of 2023, according to the financial statement filed to the Egyptian Exchange (EGX) on May 30th.

The company suffered a net loss of EGP 222,065 in Q1 2023, up from EGP 20,524 in Q1 2022.

Operating revenue amounted to EGP 147,630 in the first three months of 2023, up from EGP 137,973 in Q1 2022.

Established in 2008 and listed in 2016, Union Pharmacist operates within the pharmaceuticals, biotechnology, and life sciences sectors.

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