Arab Finance: Speed Medical Company (SPMD) turned to losses in the first half (H1) of 2022, according to the standalone financial income statement filed to the Egyptian Exchange (EGX) on September 29th.

The company incurred a standalone net loss after tax of EGP 70.58 million in H1 2022, compared to a net profit of EGP 90.61 million in H1 2021.

Revenue reached EGP 85.24 million in the six-month period ended June 30^th, falling from EGP 175.06 million in the same period of 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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