Arab Finance: International Company for Medical Industries (ICMI) has turned to profits during the first quarter (Q1) of 2023, according to the company’s financial statement filed to the Egyptian Exchange (EGX) on May 30th.
The company has achieved a net profit after tax of EGP 126,678 in Q1 2023, versus a net loss of EGP 88,621 in Q1 2022.
Sales amounted to EGP 2.584 million in the three-month period ended March 31st, up from EGP 340,167 in Q1 2022.
Established in 2004, ICMI operates within the healthcare equipment and services sector focusing on healthcare equipment.