Arab Finance: Memphis Pharmaceutical and Chemical Industries reported a 115% year-on-year increase in net profits after tax in the fiscal year (FY) 2023/2024, according to the firm’s financial indicators.

The company logged EGP 194.648 million in net profits after tax last FY, up from EGP 90.437 million during the same period of FY 2022/2023.

Meanwhile, revenues grew to EGP 898.973 million from EGP 663.833 million.

Memphis is one of the oldest pharmaceutical and chemical companies in the Middle East and has been in the market since 1940.

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