{"id":661352,"date":"2025-02-26T00:00:00","date_gmt":"2025-02-26T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/02\/26\/ibnsina-pharmas-bottom-line-soared-188-y-o-y-in-2024\/"},"modified":"2025-02-26T00:00:00","modified_gmt":"2025-02-26T00:00:00","slug":"ibnsina-pharmas-bottom-line-soared-188-y-o-y-in-2024","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/02\/26\/ibnsina-pharmas-bottom-line-soared-188-y-o-y-in-2024\/","title":{"rendered":"Ibnsina Pharma's bottom line soared 188% y-o-y in 2024"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Ibnsina Pharma posts strong consolidated results for 2024: <\/strong>EGX-listed pharma distributor Ibnsina Pharma's bottom line rose 188% y-o-y to record EGP 614.5 mn in 2024, according to the company\u2019s latest <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/2\/2464.pdf\" style=\"\" rel=\"noopener\">earnings release (pdf)<\/a>. Revenues came in at EGP 55.8 bn, marking a 64.5% y-o-y increase for the year. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>(Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>More than just numbers:<\/strong> Ibnsina Pharma currently holds a 30.8% share of the national pharma distribution market. It also led Egypt\u2019s pharma and hospitals sector last year and ranked first in public and private hospitals. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What they said: <\/strong>\u201cThe gain in market share and acceleration of pharma product re-pricing \u2014 which is expected to be more evident in the market in 2025 and 2026 \u2014 are key drivers supporting future growth,\u201d the co-CEOs said in the release. \u201cLooking ahead, we are confident that the investments we have made in both our people and technology will enable us to continue leading the market, driving efficiency, and meeting the ever-evolving needs of our stakeholders.\u201d<\/p>\n<p class=\"tag-border-left\">UNITED BANK REPORTS 2024 EARNINGS- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>United Bank saw its net<\/strong><strong> income after tax jump 63% y-o-y in 2024<\/strong>, to record EGP 2.8 bn, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/2\/2465.pdf\" style=\"\" rel=\"noopener\">disclosure (pdf)<\/a> to the EGX. The bank\u2019s net interest income rose to EGP 4.8 bn, marking a 47% y-o-y increase.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Net revenues also rose 65% y-o-y to EGP 55.8 bn<\/p>\n","protected":false},"author":1,"featured_media":661353,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","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":[302,409,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-661352","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-watch","tag-earnings","tag-earnings-watch","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"3b5a7689-59dc-45e6-b3e5-11207a443ccb","order":"9","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/2\/385.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Ibnsina Pharma's bottom line soared 188% y-o-y in 2024","related_issue":[661337],"teaser":"Net revenues also rose 65% y-o-y to EGP 55.8 bn","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/2\/.255ed127-368a-448d-b809-b633dfb3c479.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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Ibnsina booked revenues of EGP 5.3 bn, up 12% y-o-y.","rel":"","context":"In &quot;EARNINGS WATCH&quot;","block_context":{"text":"EARNINGS WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/earnings-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":595825,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/07\/earnings-watch-ibnsina-pharma\/","url_meta":{"origin":661352,"position":1},"title":"Earnings watch: Ibnsina Pharma","author":"enterpriseam admin","date":"7 August 2019","format":false,"excerpt":"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\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":579720,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/15\/earnings-watch-ibnsina-pharma-export-development-bank\/","url_meta":{"origin":661352,"position":2},"title":"Earnings watch: Ibnsina Pharma, Export Development Bank,","author":"enterpriseam admin","date":"15 November 2022","format":false,"excerpt":"Ibnsina Pharma\u2019s net income after minority interest fell 50.6% y-o-y to EGP 119.60 mn in 9M 2022, according to the company\u2019s earnings release (pdf). Net revenue during the period inched up 0.4% y-o-y to EGP 15.81 bn.Export Development Bank of Egypt\u2019s net income rose 125.6% y-o-y to EGP 993.5 mn\u2026","rel":"","context":"In &quot;GO WITH THE FLOW&quot;","block_context":{"text":"GO WITH THE FLOW","link":"https:\/\/enterpriseam.com\/egypt\/category\/go-with-the-flow\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":599468,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/08\/14\/fawrys-bottom-line-nearly-quadruples-in-1h-2023-ibnsina-reports-rise-in-earnings\/","url_meta":{"origin":661352,"position":3},"title":"Fawry\u2019s bottom line nearly quadruples in 1H 2023; Ibnsina reports rise in earnings","author":"enterpriseam admin","date":"14 August 2023","format":false,"excerpt":"Fawry\u2019s banking services segment drove revenue growth, sales at Ibnsina were up on price hikes","rel":"","context":"In &quot;EARNINGS WATCH&quot;","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\/8\/642.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":601756,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/10\/earnings-watch-sodic-ibnsina-pharma-report-2018-results\/","url_meta":{"origin":661352,"position":4},"title":"Earnings Watch: SODIC, Ibnsina Pharma report 2018 results","author":"enterpriseam admin","date":"10 March 2019","format":false,"excerpt":"EARNINGS WATCH- SODIC reported 37% y-o-y growth in its adjusted bottom line to EGP 815 mn in 2018, the company said in its earnings release (pdf). 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 &quot;Speed Round&quot;","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":661352,"position":5},"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 &quot;Speed Round&quot;","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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/661352","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=661352"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/661352\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/661337"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/661353"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=661352"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=661352"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=661352"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=661352"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=661352"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}