{"id":595825,"date":"2019-08-07T04:00:26","date_gmt":"2019-08-07T04:00:26","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/07\/earnings-watch-ibnsina-pharma\/"},"modified":"2019-08-07T04:00:26","modified_gmt":"2019-08-07T04:00:26","slug":"earnings-watch-ibnsina-pharma","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/07\/earnings-watch-ibnsina-pharma\/","title":{"rendered":"Earnings watch: Ibnsina Pharma"},"content":{"rendered":"

EARNINGS WATCH- Ibnsina Pharma\u2019s 2Q2019 profits surge 26% y-o-y:<\/b> Ibnsina Pharma reported a 26% y-o-y increase in consolidated net profits to EGP 60.5 mn in 2Q2019, up from EGP 48 mn last year, the company said in a statement (pdf)<\/a>. Revenues rose 24% y-o-y to EGP 3.9 bn. The company grew its distribution network in 1H2019. It now operates 62 distribution centers, up from 57 in 1H2018. The company\u2019s gross profitability for 1H2019 was boosted by \u201ca temporary change in the contribution of different sectors to absolute revenue growth, with the company\u2019s (cash intensive) wholesale segment seeing its contribution decline relative to traditional levels.\u201d Ibnsina Pharma served more than 42k customers across Egypt and made 2.7 mn deliveries (up 4% y\u2010o\u2010y) during 1H.<\/p>\n

Outlook: <\/b>\u201cHeading into the second half of 2019, we are taking all measures to ensure that core profitability and the bottom line continue on their positive trajectory, with a focus on fostering economies of scale across our distribution network and leveraging the bonuses traditionally provided by our suppliers\u2019 at year\u2010end,\u201d co-CEO Mahmoud Abdel Gawad said.<\/p>\n","protected":false},"excerpt":{"rendered":"

EARNINGS WATCH- Ibnsina Pharma\u2019s 2Q2019 profits surge 26% y-o-y: Ibnsina Pharma reported a 26% y-o-y increase in consolidated net profits to EGP 60.5 mn in 2Q2019, up from EGP 48 mn last year, the company said in a statement (pdf). Revenues rose 24% y-o-y to EGP 3.9 bn. The company grew its distribution network in […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[302,72,1414,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-595825","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-earnings","tag-enterpriseam","tag-ibnsina-pharma","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"aaaac345-c4f5-4b21-b7c5-796cdb1a9d93","is_powered_by":true,"section_story_id":"69be6764-5956-4ec6-86dd-4c43bf359348","story_type":"1","photo_url":"","photo_position":"above","related_issue":[595814],"teaser":"","voice_url":""},"yoast_head":"\nEarnings watch: Ibnsina Pharma - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2019\/08\/07\/earnings-watch-ibnsina-pharma\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Earnings watch: Ibnsina Pharma\" \/>\n<meta property=\"og:description\" content=\"EARNINGS WATCH- Ibnsina Pharma\u2019s 2Q2019 profits surge 26% y-o-y: Ibnsina Pharma reported a 26% y-o-y increase in consolidated net profits to EGP 60.5 mn in 2Q2019, up from EGP 48 mn last year, the company said in a statement (pdf). 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Revenues for 2018 came in at EGP 3.73 bn, compared to EGP 2.30 bn in 2017, while net contracted sales declined 10% y-o-y to\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":573721,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/16\/prime-holding-reports-egp-18-mn-loss-arabian-cement-reports-egp-5-64-loss-for-1h2020-ibnsina-pharma-reports-16-growth-in-revenues\/","url_meta":{"origin":595825,"position":1},"title":"Prime Holding reports EGP 18 mn loss, Arabian Cement reports EGP 5.64 loss for 1H2020, Ibnsina Pharma reports 16% growth in revenues","author":"enterpriseam admin","date":"16 August 2020","format":false,"excerpt":"EARNINGS WATCH- Ibnsina Pharma\u2019s net profits dipped 36.8% y-o-y to EGP 38.7 mn in 2Q2020, from EGP 62.2 mn in 2Q2019, according to the company\u2019s earnings release (pdf). 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Quarterly gross revenues\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":621556,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/12\/egypts-ibnsina-pharma-sarwa-capital-report-results\/","url_meta":{"origin":595825,"position":4},"title":"Egypt\u2019s Ibnsina Pharma, Sarwa Capital report results","author":"enterpriseam admin","date":"12 November 2018","format":false,"excerpt":"EARNINGS WATCH- Ibnsina Pharma reported a 26.6% y-o-y increase in net profit to EGP 113.2 mn in 3Q2018, according to the company\u2019s earnings release (pdf). Revenues grew 31.9% y-o-y during the quarter, coming in at nearly EGP 3.5 bn, with growth being driven by client pharmacies, the company said. \u201cManagement\u2019s\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":625744,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/14\/earnings-watch-ibnsina-pharma-acc-te-report-1h2018-results\/","url_meta":{"origin":595825,"position":5},"title":"Earnings Watch: Ibnsina Pharma, ACC, TE report 1H2018 results","author":"enterpriseam admin","date":"14 August 2018","format":false,"excerpt":"EARNINGS WATCH- Ibnsina Pharma reported a 40.1% y-o-y increase in net profit to EGP 75.2 mn in 1H2018, according to the company\u2019s earnings release (pdf). 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