Cairo – Mubasher: The unaudited financial results of Arab Drug Company reported a 108% year-on-year (YoY) hike in its net profits before taxes to EGP 90.01 million during fiscal year 2019/2020 from EGP 43.1 million.
The company’s revenues increased to EGP 520.84 million during the 12-month period ended on 30 June, compared to EGP 436.35 million a year earlier, according to a bourse disclosure on Sunday.
It is worth mentioning that during the first 10 months of FY19/20, the company’s pre-tax net profits recorded EGP 104.73 million, up from EGP 45.27 million in the prior-year period.
