Arab Finance: International Company for Medical Industries (ICMI) has turned to losses during the first quarter (Q1) of 2022, according to the company’s financial statement filed to the Egyptian Exchange (EGX) on May 31st.
The company has incurred a net loss of EGP 88,621 in Q1 2022, versus a net profit of EGP 35,210 in Q1 2021.
Sales amounted to EGP 340,167 in the three-month period ended March 31st, down from EGP 493,455 in Q1 2021.
Established in 2004, ICMI operates within the healthcare equipment and services sector focusing on healthcare equipment.