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FINANCIAL NEWS
UAE-Julphar posts profit of USD290mn
22 Nov 2016
(MENAFN) UAE-based Julphar Gulf Pharmaceutical Industries has reported sales revenue of USD290.2mn in the Jan-Sep period of this year.
Furthermore, the firm posted gross revenue of USD169.5mn and its net profit for the period was USD42.8mn.
Accordingly, the Saudi and UAE markets contributed 56 percent of the sales for the cited period, while the growth in the MENA markets has been slow for the period.
In recent challenging environment, the firm’s management has taken steps to reduce cost, like Opex Control to enhance profitability.
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