Arab Finance: Memphis Pharmaceutical and Chemical Industries reported a 112% 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 recorded EGP 191.458 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 871.906 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.

Nawy targets 200% YoY increase in 2024 real estate sales Updated 9/17/2024 3:44:00 PM

Extracted Oils’ profits drop 95.1% YoY in FY2023/24 Updated 9/17/2024 11:42:00 AM

Mohandes Insurance’s consolidated profits jump 62% YoY in FY2023/24 Updated 9/17/2024 11:16:00 AM

Concrete Fashion posts $9.5M consolidated profit for 5 months Updated 9/17/2024 1:13:00 AM

Maridive turns to profits in H1 2024 Updated 9/16/2024 1:48:00 PM