Arab Finance: Speed Medical Company (SPMD) recorded consolidated net losses after tax and non-controlling interests of EGP 146.175 million in 2022, compared to EGP 136.101 million in net profits in 2021, the firm disclosed on July 26^th.

Likewise, the firm incurred a gross loss of EGP 2.570 million last year, against gross profit of EGP 205.715 million in 2021.

Net operating revenues amounted to EGP 120.015 million last year, down from EGP 365.192 million in 2021.

Established in December 2015 and listed on the EGX in March 2019, Speed Medical is a Cairo-based company that operates in the healthcare sector.

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