The share of the tenth of Ramadan for pharmaceutical industries and diagnostic preparations, “Ramida”, listed on the Egypt Stock Exchange, increased by 4.51% during the trading of Thursday’s session, to circulate at the price of 4.60 pounds per share, achieving a new record level.
The trading on “Ramida” shares at that time came through 14.42 million shares with a value of trading 65.78 million pounds.
The highest price for the share at that time was at 4.67 pounds, while the lowest price for the share was at 4.44 pounds.
The collected financial statements of the tenth of Ramadan for pharmaceutical industries and diagnostic preparations – Ramida, during the past year, showed a rise in the company’s profits by 58.68% on an annual basis.
The company explained that it achieved profits of 401.8 million pounds during 2024, compared to profits of 253.2 million pounds in 2023, taking into account the rights of the minority.
The company’s revenues increased during the past year to 2.76 billion pounds, compared to 1.92 billion pounds in 2023.
At the level of the unacceptable lists, the company witnessed an increase in its independent profits to 373.23 million pounds during the past year, compared to 234.45 million pounds in 2023.
With regard to performance during the period from January to the end of September 2024, the company achieved profits of 244.03 million pounds, compared to 196.97 million pounds in the same period last year, taking into account the rights of the minority.
The company’s revenues increased during the first nine months of last year to 1.78 billion pounds, compared to 1.38 billion pounds in the same period of the previous year.
