Egypt's EIPICO reports strong rise in 2010 profit

Reuters, Sunday 20 Mar 2011

Pharma firm cites 14 per cent climb, proposes cash dividends

Egyptian International Pharmaceutical Industries Co (Eipico) reported on Sunday a 14 per cent rise in 2010 net profit to 326 million Egyptian pounds (US$55 million).

Net profit in 2009 was LE285m, the company reported in its accounts published in an Egyptian newspaper.

In the statement, the firm said the board proposed issuing a cash dividend of LE2.50 per share.

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