Union Pharmacist reports 96% profit plunge

Updated 6/11/2020 2:18:50 PM

ArabFinance: Union Pharmacist Company for Medical Services and Investment (UPMS) posted a 96% Year on Year plunge in its profit in Quarter one (Q1) of 2020, according to a June 11th disclosure filed to the Egyptian Exchange.

Net profit reached EGP 1.352 in Q1 2020, compared to EGP 33.339 achieved in the corresponding period.

In 2019, the company posted a net profit of EGP 90,652, a 66% decrease net profit of EGP 266,537 a year earlier.

Established in 2008 and listed in 2016, Union Pharmacist operates within the pharmaceuticals, biotechnology & life sciences sector focusing on pharmaceuticals.