El-Nile for Pharmaceuticals’ profits surge 107% YoY in H1 FY2023/24

Updated 1/29/2024 12:04:00 PM
El-Nile for Pharmaceuticals’ profits surge 107% YoY in H1 FY2023/24

Arab Finance: El-Nile Co. for Pharmaceuticals and Chemical Industries’ (NIPH) net profits after tax soared by 106.9% year on year (YoY) in the first half (H1) of fiscal year (FY) 2023/2024, according to the company’s financial indicators.

The firm garnered EGP 96.023 million in net profits during the six months to December 31st, up from EGP 46.413 million in the same period of 2022.

Revenues recorded a 53.3% yearly increase to EGP 766.661 million from EGP 500.262 million in H1 of FY 2022/2023.

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