Cairo – Mubasher: The consolidated net profits of Speed Medical Company surged by 71.4% year-on-year (YoY) to EGP 135.76 million in 2021, compared to EGP 79.2 million, including minority shareholders' rights.

The company generated revenues of EGP 365.19 million in 2021, up from EGP 173.88 million in the earlier year, according to a bourse filing on Wednesday.

As for standalone businesses, the company's net profits increased to EGP 137.48 million in 2021 from EGP 79.21 million in the previous year.

It is noteworthy to mention that during the first nine months (9M) of 2021, the consolidated net profits of Speed Medical Company surged by 239% to EGP 166.77 million from EGP 49.08 million in the year-ago period.