Kahira Pharmaceuticals posts 53% YoY profit surge in Q1 FY2023/24: Egypt

Kahira Pharmaceuticals is an Egypt-based company involved in the manufacture and trade of pharm aceutical products

Staff Writer, Arab Finance

November 16, 2023

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Kahira Pharmaceuticals and Chemical Industries Company (CPCI) reported a 52.5% year-on-year (YoY) increase in net profits after tax for the first quarter of fiscal year (FY) 2023/2024, according to the company’s financial statement filed to the Egyptian Exchange (EGX) on November 14th.

CPCI’s net profits after tax stood at EGP 59.175 million for the three-month period ended September 30th, compared to EGP 38.796 million in the same period last FY.

Operating revenue grew by 33.1% YoY in Q1 of the current FY, hitting EGP 334.171 million, up from EGP 251.129 million.

Kahira Pharmaceuticals is an Egypt-based company involved in the manufacture and trade of pharmaceutical products for human and veterinary use.

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