ICMI sees 49% YoY loss hike in 9 months

Updated 11/16/2022 8:41:00 AM

Arab FinanceInternational Company for Medical Industries (ICMI) reported a 48.8% year-on-year (YoY) growth in net loss during the first nine months of 2022, according to the financial statement filed to the Egyptian Exchange (EGX) on November 15th.

The company’s net loss rose to EGP 567,203 in January-September from EGP 381,205 in the same period a year earlier.

Sales grew to EGP 3.02 million in the nine months to September 30th from EGP 963,818 million in the corresponding period of 2021.

Established in 2004, ICMI operates within the healthcare equipment and services sector focusing on healthcare equipment.