ArabFinance: Union Pharmacist Company for Medical Services and Investment (UPMS) turned to profitability during the full year ended December 31st 2021, according to financial indicators filed to the Egyptian Exchange (EGX) on Sunday.
Union Pharmacist reported a net profit after tax of EGP 109,632 in 2021, compared to a net loss of EGP 409,113 in 2020.
The company’s revenue plunged to EGP 1.555 million in 2021, from EGP 8.734 million in 2020.
Established in 2008 and listed in 2016, Union Pharmacist operates within the pharmaceuticals, biotechnology, and life sciences sectors.