the General Assembly of the drug Holding Company Discussed the plan to develop affiliated companies and to work on the replacement and refurbishment of some production lines to become more competitive. As discussed in the General assembly headed by Dr. Mahmoud Mohi Eddin, Minister of Investment the rebuild of some of the factories or moving it from its current location outside the residential area in accordance with the requirements of the Ministry of Health and the World Health Organization .Minister of Investment stressed on the need for the completion of the development work required and the adjustment of the pharmaceutical industries the positions to increase their competitiveness with the domestic and international pharmaceutical industry.
Dr. Magdy Hassan, head of the company noted to the high volume of sales subsidiaries during the first six months of the financial year (2009 / 2010) to reach (4.1) billion, it incrased by (20%) compared with (3.4) billion in the corresponding period of ( 2008 / 2009) The volume of first-half profit of the year (2009 / 2010) (355) million compared to (327) million pounds in the period in comparison with an increase (8.5%), noting that investments executed during the first phase of the development of enterprises Since the beginning of the financial year (2007 / 2008) until the end of the fiscal year (2009 / 2010) amounted to (666) million pounds. He said it was scheduled to begin in the second phase of development within the next three years the amount of (1308) million pounds of which (1080) million pounds to build new factories .
This came at a meeting of Dr. Mahmoud Mohi El Din, Minister of Investment Dr.Magdy Hassan, head of the Company to follow up the performance of companies in the first 6 months of 2009 / 2010 where sales increase by 20% to a record 4,1 billion pounds compared to 3,4 billion pounds at 6 months similar to last year . Drug companies made profits of 355 million pounds compared to 327 million pounds in the previous period. Minister also discussed investments implemented in the first stage 2007 / 2009 with a total investment 666 million pounds.