Cairo – Mubasher: Nile Pharmaceuticals and Chemical Industries (Nile Pharma) reported a 1,293% year-on-year (YoY) surge in its net profits, logging EGP 93.38 million during fiscal year 2019/2020, compared to EGP 6.7 million.
Meanwhile, the company’s revenues hiked to EGP 812.54 million in the year ended 30 June from EGP 638.4 million a year earlier, according to a bourse disclosure on Monday.
During the first 11 months of FY19/20, Nile Pharma posted net profits of EGP 99.5 million, up from EGP 19.8 million in the corresponding period in FY18/19.
