Cairo – Mubasher: Nile Pharmaceuticals and Chemical Industries’ profits soared 773% year-on-year for the third quarter of fiscal year 2016/2017.
Net profit reached EGP 5 million for the three months ended 31 March 2017, compared to EGP 600,000 for the same period of FY15/16, a statement to the bourse said on Wednesday.
In the first nine months of FY16/17, net profit increased 287% to EGP 20.9 million from EGP 5.4 million for the same period last year.
The stock rose on Tuesday by 1.98% to EGP 12.85.
