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Arab Drug’s profit enlarges in 11M

Arab Drug’s profit enlarges in 11M
Net sales grew to EGP 406.69 million
ADCO
ADCI
2.67% 139.35 3.63

Cairo – Mubasher: Arab Drug Co. has reported a 13.6% year-on-year increase in profit before taxes during the first 11 months of the fiscal year 2018/2019, recording EGP 50.29 million.

Net sales grew to EGP 406.69 million in the eleven-month period ended 31 May, according to a bourse statement released on Thursday.

The company recorded a net profit of EGP 31.7 million in the period from July 2018 to March 2019, versus EGP 27.7 million in the same period a year earlier.