Egypt’s Memphis Pharmaceutical posts 7.8 million pounds of Q1 loss

Egypt’s state-run Memphis Pharmaceuticals and Chemical Industries (MPCI) said Thursday it has achieved first-quarter net loss of 7.8 million Egyptian pounds ($441,676) from 123,000 during the same period last year.

Revenues jumped to 78.4 ‍​million pounds, compared with 70.5 million pounds last year.