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FINANCIAL NEWS
UAE’s Julphar profit improves 14.9 percent in 2013
24 Feb 2014
(MENAFN) Julphar, Ras Al Khaimah-based pharmaceutical products producer and distributor, reported a 14.9 percent growth in net profit of 2013 to reach USD62.71 million, according to the Emirates 24/7.
The company also reported a 15.4 percent growth in revenue year-on-year to reach USD3707 million.
Sales boosted by 19.4 percent year-on-year in 2013 driven by the private market sales.
Julphar Chairman, Sheikh Faisal Bin Saqr Al Qassimi, said: “The UAE is driving forward healthcare expansion at an international level and Julphar is proud to play a significant role in shaping the future of our industry. As the first and largest Emirati Pharmaceutical Company, we are positioned to help create a truly global platform for quality healthcare.”
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