Cairo – Mubasher: Memphis Pharmaceutical and Chemical Industries reported a 96.5% decline in its profits for the first quarter of the fiscal year 2016//17, according to unaudited financial results.
The Company earned RGP 42,000 in the first three months, compared with EGP 1.2 million profits for the year-ago period.
In 2015/16, the company turned a profit after registering EGP 452,000 gains against EGP 10.3 million losses for 2014/15.
