Julphar announces AED 1.4 billion in sales for 2014
Profit grows to AED 235 million, showing steady growth for the Emirati company.
Julphar held a Board of Directors meeting at their RAK Head Office to announce a draft financial report, registering sales revenue of AED 1,433.1 million during the year 2014, up 5.2% year-on-year (yoy). Sales during the year were driven by the private market sales which saw a yoy growth of 7.5%.
The company witnessed a steady operational performance during the year. Gross Profit during the year was AED 848.2 million, up 3.4% yoy, Operating Profit, on was AED 238.5 million, up 1.1% yoy and profit for the year was AED 234.7 million, up 2.9% yoy.
The Board of Directors proposed a General Assembly date of 30th April 2015, to distribute 15% cash and 5% bonus shares.
Speaking after the Board Meeting Dr Ayman Sahli, CEO said "2014 was another year of great achievements for Julphar - we are pleased to close the year at AED 1.4bn, which shows a remarkable effort from our global sales force and highlights true dedication from our staff across all functions, in all countries. Together, we have been working hard to deliver quality, affordable healthcare to our communities; a vision which remains at the core of our business strategy and creates overall value to the Board, Shareholders, Staff and our Customers."