Cairo – Mubasher: Minapharm Pharmaceuticals reported a decline of 22.6% in net profits for the second quarter of 2016.
Minapharm saw net profits of EGP 21.5 million ($2.42 million) in Q2-15, down from EGP 27.8 million ($3.13 million) in the same period of the previous year.
As for the first half of 2016, the company’s profits declined by 33.5% year-on-year, reaching EGP 76.9 million.
