Dubai PR Network, Online Press Release from Dubai and Middle East
 
Medicine, Laboratory & Treatment(Healthcare & Medicine)
Filter PR by
  
Julphar Announces Q3 Results
 

December 23, 2018, Ras Al Khaimah (UAE) -   Julphar, one of the largest pharmaceutical manufacturers in the Middle East and Africa, has announced its results for the third quarter of 2018. 

The company reported Q3 year-to-date sales of AED 719 million and a net loss of AED 29m. Following the temporary suspension on the export of Julphar’s products to Saudi Arabia, the company’s management has worked extensively with Health Authorities to address their recommendations and implement corrective measures.

Jerome Carle, General Manager of Julphar, said: “Q3 2018 has been a challenging quarter for Julphar. While we saw a decline in our revenue and profitability due to the headwinds in Saudi Arabia, we continued to work hard on new products launches and building new alliances, which will have a positive impact on our long-term performance. 

“We also saw good growth in key areas of our portfolio especially in Diabetes and Cardiovascular. Our subsidiaries, led by GCC and Egypt, are also delivering solid performances locally. 

Earlier, Julphar announced its future entry into the oncology market through a partnership with Russia’s leading biotechnology company, BIOCAD. 

“We are focused on investing in key growth areas in Specialty Care,” added Carle. 

“To that end, we forged new partnerships to launch game-changing products in different therapeutic areas. Moving forward, we aim to transform the company through strategic changes designed to enable better focus, flexibility and long-term performance.

“We continue to roll-out our cost-saving programs, which will position our business well to maximize cash flow generation. As we move forward, we have to ensure we are well equipped to respond to the constantly evolving marketplace while generating long-term value for shareholders.” 


Posted by : Dubai PR Network Editorial Team
Viewed 7656 times
PR Category : Healthcare & Medicine
Posted on : Sunday, December 23, 2018  9:19:00 AM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Previous Story : Medical Community Programme to showcase advances in Fertilit...
Next Story : Varicocele is the one of the leading medical conditions that...
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
Ferragramo Cuir [16580-Views]
Heritage Corum Lab 01 Collection [14548-Views]
3 Essential Styles You Can't Go Without This Summer' [14170-Views]
SPORT TECH 40 MM' [13926-Views]
'Rado Captain Cook Automatic Limited Edition with Travel Case' [13670-Views]
Schneider Electric Improves Flexibility & Energy Savings with Extended Line of PowerLogic ... [9272-Views]
Tonda 1950 Skeleton'' [7899-Views]
A year on the road: Saudi Women Create First Women's Car Club in the Kingdom [7625-Views]
Ralph Lauren Presented with an Honorary UK Knighthood [7332-Views]
Extensive range of exclusive M Performance Parts further enhance the BMW M8 Coupé and Conv... [7283-Views]
DarkMatter Group Calls for Improved Vigilance as UAE's Cyber-threat Landscape Reaches Crit... [7027-Views]
Minuetto [7003-Views]
Forcepoint X-Labs Reveals How Cognitive Bias Leads to Reasoning Errors in Cybersecurity [6978-Views]
Absolute New York – Makeup for the Unique and Modern [6905-Views]
Crushing on cushion at PAN Emirates [6887-Views]
58 Days of Summer Fun Begin at Modhesh World on Friday [6716-Views]
Add a touch of gold to your skincare regimen for glowing results [6496-Views]
M Performance Parts for the all-new BMW X3 M and BMW X4 M [6436-Views]
Innovation for a Better Planet [6350-Views]
Ford Edge Rolls into UAE Showrooms with ST Performance Credentials and Segment-First Tech,... [6234-Views]
Reduce Your Wrinkles Night After Night! [6198-Views]
The Hottest Summer Beauty Picks of 2019 [5966-Views]
Luminous Locks Product Round Up [5710-Views]
Three new models in 2019 as MG Motor's Middle East expansion gains momentum [5484-Views]
Corum Golden Bridges [5392-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories