Cairo – Mubasher: Memphis Pharmaceuticals and Chemical Industries on Sunday posted a 10% year-on-year increase in losses for the five-month period ended November.
Net losses amounted to EGP 16.4 million in the period starting July to November, versus EGP 14.9 million in the year-ago period, the company said in a statement to the Egyptian Exchange (EGX).
It is worth noting that Memphis Pharmaceuticals previously said its losses surged by 188.1% year-on-year in the fiscal year ended 30 September 2018.
The company suffered a loss of EGP 22.85 million in the year ended September, up from EGP 7.93 million a year earlier.
