Memphis Pharmaceutical’s profits up 19% YoY in FY2022/23

Updated 8/1/2023 10:14:00 AM
Memphis Pharmaceutical’s profits up 19% YoY in FY2022/23

Arab Finance: Memphis Pharmaceutical and Chemical Industries reported a 19% year-on-year (YoY) increase in net profits after tax in the fiscal year (FY) 2022/2023, according to the firm’s unaudited income statement released on August 1st.

Net profits amounted to EGP 87.835 million in FY 2022/2023, up from EGP 74.087 in the prior FY.

Likewise, revenues went up 21% YoY from EGP 664.887 million to EGP 551.262 million in FY 2021/2022.

Memphis is one of the oldest pharmaceutical and chemical companies in the Middle East and has been in the market since 1940.

 

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