Julphar Pharma registers 12% growth in 2015 net profit

14/04/2016 05:56 AST

Julphar Gulf Pharmaceutical Industries said on Wednesday it registered a 12 per cent growth in net profit in 2015, as sales grew.

The company’s net profit grew to be at Dh226.6 million in 2015, while total sales grew 6 per cent to be at Dh1.47 billion in 2015, compared to Dh1.39 billion in the year before period.

“2015 has been another year of great achievements for Julphar and we are excited to head into another stimulating year,” Ayman Sahli, Chief Executive Officer of Julphar, said in a statement.

With manufacturing facilities in Ethiopia and Bangladesh, the company plans to expand its global manufacturing presence with the launch of the third international plant in Saudi Arabia, which is expected to begin its operations during 2016.

Manufacturing facilities
Julphar is the largest generic pharmaceutical manufacturer in Middle East and North Africa, producing over 200 branded products across its fifteen manufacturing facilities. The company employs approximately 3,000 people around the world.

In 2012 Julphar launched Julphar Diabetes, a $150 million (Dh550.5 million) Active Pharmaceutical Ingredient (API) manufacturing facility that has the capacity to produce 1,500 kilograms of recombinant human insulin.


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