Arab Finance: Medical Packaging Co (MEPA) reported a 60.85% year-on-year (YoY) decrease in net profits after tax for the first half (H1) of 2023, according to the company’s financial statement filed to the Egyptian Exchange (EGX) on August 13th.
The company recorded a net profit after tax of EGP 2.24 million in H1 2023, down from EGP 5.72 in H1 2022.
Moreover, the company’s revenues amounted to EGP 21.09 million in H1 2023, compared to EGP 28.55 million in the same period last year.
Medical Packaging Company is an Egypt-based public shareholding company engaged in medical and pharmaceutical packaging products manufacturing,
The company is focused on the operations and establishment of a factory for the production of glass containers for the purpose of medical, pharmacy, laboratories, cosmetics and perfumes, among others.