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Speed Medical inks deal to manage Sharaf Hospital's lab

Speed Medical inks deal to manage Sharaf Hospital's lab
Speed Labs will obtain 55% of cash revenue and 75% of contract revenue
Speed Medical
SPMD
1.49% 0.34 0.01

Cairo - MubasherSpeed Medical Company signed a contract for the management of Sharaf Hospital's medical laboratory in the 10th of Ramadan City.

Under the revenue-sharing scheme, Speed Labs will obtain 55% of cash revenue and 75% of contract revenue, the company said in a bourse disclosure on Sunday. 

During the first quarter (Q1) of 2021, Speed Medical Company reported net profits of EGP 40.92 million, compared to EGP 7.17 million in the year-ago period.