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PHARMACARE records net income of $1.76 million in H1 2016

2016-08-24

According to the unconsolidated financial data of Dar Al-Shifa for the Manufacturing of Pharmaceuticals Company PHARMACARE for the first six months of the year, net profit after taxes reached 1,762,137 USD, compared with a net profit after taxes of 1,793,398 USD from the first six months of 2015, a net decrease of 1.7%.Total assets of the company reached 50,141,110 USD as of June 30^th, 2016, compared to total assets of 45,615,682 USD as of December 31^st, 2015, a net increase of 9.9%. Total liabilities of the company reached 23,725,069 USD as of June 30^th, 2016, compared to total liabilities of 21,072,784 USD as of December 31^st, 2015, a net increase of 12.6%. Net ownership equity of the company reached 26,416,041 USD  as of June 30^th, 2016, compared with a net ownership equity of 24,542,898 USD as of December 31^st, 2015, a net increase of 7.6% in the last six months.