Dubai PR Network, Online Press Release from Dubai and Middle East
 
Medicine, Laboratory & Treatment(Healthcare & Medicine)
Filter PR by
  
Julphar Announces Q1 2019 Results
 

Company reported sales of AED 118.3m

The priority this year is to focus on recovery says CEO

July 31 2019, Ras Al Khaimah (UAE) – Julphar, one of the largest pharmaceutical manufacturers in the Middle East and Africa, has published its financial results for Q1 2019. The company reported revenue of AED 118.3 million and a net loss of AED 91.6m. 

Commenting on the announcement, Jerome Carle, CEO of Julphar, said: “In line with expectations, the first quarter of 2019 has been a challenging period for the company. However, the underlying strengths of our core business remain firmly established and we are seeking to achieve our immediate priorities. 

“We are confident that we can lay the foundations to pursue future success. The priority this year is to focus on recovery and we have already laid much of the groundwork for this.” 

During 2018, Julphar’s revenue was negatively impacted by the Saudi Food & Drug Authority’s temporary ban on the export of the company’s products to the Kingdom. Consequently, the company’s management has focused on cost reductions and has taken several actions to strengthen the organization and maximize cash flows.

Earlier, the Company announced the appointment of new executive employees to help guide the company towards profitability and long-term success.


Posted by : Dubai PR Network Editorial Team
Viewed 4416 times
PR Category : Healthcare & Medicine
Posted on : Wednesday, July 31, 2019  12:13:00 PM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Next Story : Ras Al Khaimah Medical District Reveals Plans for Upgrading ...
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
Inventive, Futuristic and Daring Translucent is a Distinguished Milestone for Police. [4941-Views]
Show your Nanny some love and treat them to a Complimentary Haircut throughout August and ... [4453-Views]
Introducing Lunette: A Tool to Empower Women [4026-Views]
Corum Golden Bridge Titane DLC - black beauty for the man of style [3843-Views]
Robinsons Showcases Malone Souliers' Stunning New Collection for Pre-Fall 19 [3672-Views]
Marks & Spencer Unveils Its Autumn 2019 Kidswear Collection [3446-Views]
Ferragamo Urban - 2019 Fall/Winter Collection [3196-Views]
GUESS - The Perfect Tote [3166-Views]
Aesop's Parsley Seed Skin Priming Regimen [3105-Views]
Ralph Lauren Debuts “Wear Your Story” Denim Campaign [2971-Views]
Corum Admiral Legend 42-Icon ahead [2965-Views]
The future of photography and videography is in Canon's hands, with five 2019 EISA Awards [2958-Views]
Sandro: The Power Suit [2934-Views]
Hormann announces speed rolling shutter DD S6 [2855-Views]
Al Ain Hospital doctors save young girl from 2.5 cm pin in her lungs [2824-Views]
Forecasting Mesmerising Sea Views and Exotic Seafood at Gonu [2824-Views]
GEMS Education students shine with excellent A-Level examination results [2812-Views]
Jaguar I-pace: Redefining What It Means to Be a ‘CAR' [2806-Views]
Rock Chic Edit with GUESS [2782-Views]
Modular Sofa's by Boconcept [2757-Views]
Tazio Nuvolari Vanderbilt Cup [2721-Views]
Spare a thought for abandoned cats today – International Cat Day! [2696-Views]
Same Favourite Fragrance, New Innovative Products From the Ritual of Karma [2623-Views]
Get 50 per cent off back-to-school essentials at Dragon Mart [2623-Views]
Exceptional Playtime with Soundcore Vortex [2611-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories