Speed Medical posts EGP 136.1M consolidated profits in 2021

Updated 2/16/2022 11:39:00 AM

ArabFinanceSpeed Medical Company (SPMD) registered a spike in consolidated profits during the full year 2021, according to financial statements filed on Wednesday to the Egyptian Exchange (EGX).

The company’s consolidated net profits attributable to the parent company jumped to EGP 136.101 million in 2021, compared to EGP 79.209 million in the year before, statements showed.

Standalone results showed a surge in Speed Medical’s net profits after taxes last year, logging EGP 137.482 million, versus EGP 79.209 million in 2020.

Established in December 2015 and listed on the EGX since March 2019, Speed Medical is a Cairo-based company that operates in the healthcare sector.