Cairo – Mubasher: The consolidated net profits of Speed Medical Company surged by 239% to EGP 166.77 million during the first nine months of 2021 from EGP 49.08 million in the year-ago period.
The company generated revenues of EGP 296.15 million in the January-September period of 2021, up from EGP 112.89 million in the corresponding period of 2020, according to a bourse filing on Thursday.
As for the standalone businesses, the company's net profits reached EGP 166.769 million in the first nine months of 2021, up from EGP 49.08 million in the corresponding period of the previous year.
It is noteworthy to mention that during the first half (H1) of 2021, the company registered a 408.8% year-on-year (YoY) surge in its consolidated net profits, logging EGP 108.07 million, compared to EGP 21.24 million.
