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Egypt's EIPICO reports strong rise in 2010 profit

Pharma firm cites 14 per cent climb, proposes cash dividends

Reuters, Sunday 20 Mar 2011
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Views: 1082

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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