Arab Drug sees lower net profit

Updated 11/18/2021 12:55:00 PM

ArabFinance: Arab Drug Company (ADCI) posted a net profit before taxes of EGP 42.95 million during the four-month period ended October 2021, compared to EGP 52.9 million in the corresponding period of 2020, the company said in a statement to the Egyptian Exchange.

The company’s sales recorded EGP 190.9 million at the end of October 2021, compared to EGP 198.77 million in the same period of 2020.

Arab Drug is an Egypt-based company engaged in the pharmaceutical sector. The company focuses on the manufacture, packaging, and distribution of pharmaceutical products as well as chemical solutions for human and veterinary use.