The shares of the Arab Company for Medicines and Chemical Industries “ADCO” listed and traded on the Egypt Stock Exchange increased by 1.63% at the end of the session today, to circulate at the price of 148.55 pounds per share, achieving a new record level.
The trading on ADCO at that time through 49 trading operations came on 6.50 thousand shares with a value of trading 965.54 thousand pounds.
The highest price for the share was at that time at 150 pounds, while the share price was at 145.11 pounds.
The Board of Directors of Al Arabiya Pharmaceutical and Chemical Industries Company announced the increase in the company’s net profit before taxes by 76% during the first 7 months of the current fiscal year on an annual basis.
The company explained that it achieved a net profit before taxes of 169.23 million pounds during the period from July to the end of January 2025, compared to 96.29 million pounds in the same period in the last fiscal year.
The company’s sales increased during the seven months to 666.67 million pounds, compared to 483.29 million pounds in the same period in the previous fiscal year.
With regard to profits after the tax, the company recorded a net profit of 106 million pounds during the period from July until the end of December 2024, compared to 65.68 million pounds in the same period in the previous fiscal year.
The company’s sales during this period increased to 558.13 million pounds, compared to 413.9 million pounds in the same period last year.
Al Arabiya Pharmaceutical and Chemical Industries Company is one of the public companies specialized in the pharmaceutical, biotechnology, and life sciences sector, as it focuses mainly on drug production.
