Union Pharmacist reports 81% profit decline

Updated 11/11/2020 8:34:00 AM

ArabFinance: Union Pharmacist Company for Medical Services and Investment (UPMS) reported an 81% Year on Year decline in its net profit in the first nine months of 2020, according to the company’s November 10th unaudited financial statements filed to the Egyptian Exchange.

Net profit stood at EGP 18,307 in the January-September period of 2020, compared to EGP 94,778 achieved in the prior-year 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, and life sciences sector.