UAE- Julphar reports 17.6% growth in 2012 profit

Source: News Source

(MENAFN) Gulf Pharmaceutical Industries (Julphar) announced that 2012's profit climbed by 17.6 percent to USD54.50 million, reported Khaleej Times.

Meanwhile, operating profit went up by 8.6 percent from a year before to USD59.12 million.

The company added that gross profit grew by 11.1 percent in the year, reaching USD189.85 million, while operating profit margin was at 18.4 percent.

It is worth noting that Julphar's sales revenue climbed by 15.3 percent from 2011, reaching USD321 million, as tender market sales increased by 22.5 percent.