Sales of Julphar Grow by 11%, Profit Grows to AED 117 Million

Source: News Source

Dubai, 25 July 2013, Julphar registered sales revenue of AED 696.4 million in the first six months of the year 2013, up 10.5% year-on-year (yoy). Sales during the period were driven by the private market sales which saw a yoy growth of 13.4%.

The company continued to show good operational performance during the period. Gross Profit during the period was AED 412.1 million, up 8.3% yoy. Operating Profit for the period, on the other hand, was AED 126.5 million, up 2.8% yoy. Operating profit margin during the period was a robust 18.2%. Profit for the period was AED 116.9 million, up 5.5% yoy.

Julphar Chairman, Sheikh Faisal bin Saqr Al Qasimi commented "The financial figures reflect a successful first half of the year for Julphar . Maintaining stable financial growth and delivering sustainable healthcare is a key priority of the board."