El-Nile for Pharmaceuticals posts 33% YoY profit surge in FY2022/23: Egypt

Getty Images/Getty Images

The firm earned EGP 119.213 million in net profits in FY 2022/2023

Staff Writer, Arab Finance

September 15, 2023

PHOTO

El-Nile Co. for Pharmaceuticals and Chemical Industries’ (NIPH) net profits after tax increased 32.9% year on year (YoY) in fiscal year (FY) 2022/2023, according to the company’s financial indicators.

The firm earned EGP 119.213 million in net profits in FY 2022/2023, up from EGP 89.672 million in the previous FY.

Revenues recorded a 14.6% yearly increase to EGP 1.005 billion from EGP 876.780 million in FY 2021/2022.

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.

ZAWYA NEWSLETTERS

RELATED ARTICLES

ZAWYA NEWSLETTERS

LATEST VIDEO