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FINANCIAL NEWS
Profits of Egypt’s Sabaa Pharmaceutical Co. drop by 10 percent
02 Aug 2016
(MENAFN) Sabaa Intl’ Co. for Pharmaceutical and Chemical Industry posted a 10.3 percent drop in the second quarter’s net profits.
Moreover, net profits reached USD58.7mn in the cited quarter, compared with USD65.50mn for the same period last year.
Additionally, the firm’s profits jumped to reach USD0.13mn from USD0.13mn for the first half of last year.
Accordingly, the company proclaimed that it aims to raise revenues from USD4.48mn to USD6.72mn by the end of 2016.
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