Nile Pharmaceuticals and Chemical Industries Reports Earnings Results for the First Quarter Ended September 30, 2019 and Fourth Months Ended October 2019
Nile Pharmaceuticals and Chemical Industries reported earnings results for the first quarter ended September 30, 2019 and fourth months ended October 2019. The company showed a turn to profitability during the first four months of fiscal year 2019/2020. The company logged a net profit of EGP 26.6 million during the July-October period, against losses of EGP 12.6 million in the year-ago period.
It is noteworthy that during the first quarter of fiscal year 2019/2020, the company reported a net profit of EGP 15.49 million in the three-month period ended 30 September, against a net loss of EGP 9.5 million in the year-ago period.