Cairo – Mubasher: Riva Pharma (RIVA) posted a 1.8% year-on-year drop in profits for the full-year 2018.
Net profits recorded $800,880 last year, compared to $816,390 in 2017, according to the company’s statement to the Egyptian Exchange (EGX).
Sales of the Cairo-based medical supplier hit $7.15 million during the year ended 31 December 2018, against $6.46 million in the prior year.
In the first half of 2018, the company registered $242,040 in profits, up from $194,980 in the prior-year period.
