{"id":620069,"date":"2024-05-15T00:00:00","date_gmt":"2024-05-15T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/05\/15\/ramedas-top-line-climbs-16-y-o-y-in-1q-2024-thanks-to-growing-sales-and-exports\/"},"modified":"2024-05-15T00:00:00","modified_gmt":"2024-05-15T00:00:00","slug":"ramedas-top-line-climbs-16-y-o-y-in-1q-2024-thanks-to-growing-sales-and-exports","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/05\/15\/ramedas-top-line-climbs-16-y-o-y-in-1q-2024-thanks-to-growing-sales-and-exports\/","title":{"rendered":"Rameda\u2019s top line climbs 16% y-o-y in 1Q 2024 thanks to growing sales and exports"},"content":{"rendered":"

Private sales and exports drove Rameda\u2019s top line in 1Q 2024: <\/strong>Egyptian pharma player Rameda saw its top line climb 16.4% y-o-y to 456.2 mn in the first quarter of the year on the back of growth in private sales and exports, the company wrote in its latest earnings release (pdf)<\/a>. The volume of private sales rose 15.9% y-o-y to 6.8 mn units during the period, driving private sales revenue up 28% y-o-y to EGP 338.3 mn.<\/p>\n

But macroeconomic challenges took a toll on Rameda\u2019s bottom line in the quarter: <\/strong>Rameda saw its net income drop 12.4% y-o-y to EGP 60.1 mn in 1Q 2024, which the company attributed to pressures from FX shortages, currency depreciation, and a steep 99% y-o-y increase in financing costs due to interest rate hikes. Its net profit margin narrowed by 4.3 percentage points in the same period to 13.2%. <\/p>\n

Price hikes incoming? <\/strong>\u201cWe look forward to receiving a large round of approvals for price hikes over the course of the year as we seek to maintain our growth trajectory and improve Rameda\u2019s profitability amidst challenging market conditions,\u201d CEO Amr Mosry said.<\/p>\n","protected":false},"excerpt":{"rendered":"

The company\u2019s bottom line took a 12% hit for the quarter<\/p>\n","protected":false},"author":1,"featured_media":620070,"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":[7208],"tags":[409,72,7115,427,449],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-620069","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-watch","tag-earnings-watch","tag-enterpriseam","tag-healthcare","tag-pharma","tag-rameda-pharma","wpautop","entry"],"acf":{"mongo_id":"057c069e-d424-4070-abcd-217a772b532a","order":"9","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/5\/1053.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Rameda\u2019s top line climbs 16% y-o-y in 1Q 2024 thanks to growing sales and exports","related_issue":[620053],"teaser":"The company\u2019s bottom line took a 12% hit for the quarter","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/5\/.f5c44d5c-ab90-4bd0-bace-39314eecfbca.mp3"},"yoast_head":"\nRameda\u2019s top line climbs 16% y-o-y in 1Q 2024 thanks to growing sales and exports - 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\/2024\/05\/15\/ramedas-top-line-climbs-16-y-o-y-in-1q-2024-thanks-to-growing-sales-and-exports\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rameda\u2019s top line climbs 16% y-o-y in 1Q 2024 thanks to growing sales and exports\" \/>\n<meta property=\"og:description\" content=\"The 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PLUS: EKH, Oriental Weavers report 1Q23 earnings","author":"enterpriseam admin","date":"16 May 2023","format":false,"excerpt":"Rameda\u2019s private sales generated more than half of the company\u2019s revenues during the quarter.","rel":"","context":"In "EARNINGS WATCH"","block_context":{"text":"EARNINGS WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/earnings-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/5\/822.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/620069","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=620069"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/620069\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/620053"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/620070"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=620069"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=620069"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=620069"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=620069"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=620069"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}