Cairo – Mubasher: Memphis Pharmaceutical and Chemical Industries reported a net profit of EGP412,000 ($46,500) in the first ten months of 2015/16, according to a bourse filing.
During the same period a year earlier, the company’s net profit reached EGP15.39 million ($1.7 million).
In the first seven months, the company registered EGP585,000 profits against a net loss of EGP9.2 million for the year-ago period.
Earlier, the company announced targeting a net profit of EGP 4 million in the fiscal year 2016/17.
