GoDubai
  
  
  
  
Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >>

 
  Share

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 : GoDubai Editorial Team
Viewed 8229 times
Posted on : Wednesday, July 31, 2019  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : Advanced technology and treatment approach at the forefront of epilepsy treatment across SEHA networ...
Next Story : Ras Al Khaimah Medical District Reveals Plans for Upgrading Trauma & Operations Departments at Saqr ...
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
Holiday Hair-Styling Essentials from VIERRO
'Tis the Season to Be Glamorous - Beauty Essentials from GlamBeaute.com!
Luxe Beauty Gifts for your Loved Ones this Festive Season
Chloé's Iconic “Carlina” Sunglasses In a Precious New Interpretation
Your Holiday Gift Guide for Her
Homegrown Jewellery Brand Sumaya Bakkar Collections Curated Festive Gift List
New year, New You with Lunette
Uncovering the Beauty of Mechanics'
Weather-proof your hair with HASK
Free gold coins at Malabar Gold & Diamonds Festival.
Eberhard & Co. and the new “Quadrifoglio Verde” chronograph, dedicated to the p...
The Real Secret to 10 Years Younger: Argan Face Oil
OMEGA Celebrates The New James Bond Watch in New York
Retrograde Fusion'
Mouawad and the Miss Universe Organization Unveil the Miss Universe Power of Uni...
Berkan Steakhouse Launches in Dubai
Cole Haan Makes Its Debut at Sole Dxb 2019 Showcasing Footwear Collaborations
Dubai Festival City Mall Visitors In for A Jolly Festive Season Like No Other in...
NYU Abu Dhabi Class of 2017 graduate Alioune Fall named as 2021 Schwarzman Scholar
Emotional and highly dynamic: the design of the MINI John Cooper Works GP.
Dubai Cares' Volunteers bring hope to children in remote village in Senegal
Best Menswear Items
Customs World inks MoU with Indonesia to roll out World Logistics Passport
Statement Cardigans
DP World joins forces with Dubai Cares in giving a new facelift to Umm Al Qura S...
GROHE received the “Red Dot: Brand of the Year”
Reuben Kipyego and Vivian Kiplagat Win 2019 Adnoc Abu Dhabi Marathon
Al Qemzi Claims Abu Dhabi Grand Prix Pole With Brilliant Surge
The Middle East Organic Market's Premiere Business Event Opens In Dubai
Set Up Stylish Outdoor Spaces with 2XL Furniture & Home Décor
Hyundai's all-new 2020 Sonata now available in the UAE
Truesteam™ Technology by Lg is Setting A New Standard for Hygiene
Team Abu Dhabi's F2 world champion rounds off brilliant campaign with historic w...
Air Cargo Peak Season off to Slow Start, Annual Demand down 3.5% in October
Information City concludes "Al Saada" initiative
1247 Media joins du to offer free unlimited WiFi UAE data to RTA taxi users
Annual DIAC Conference examines impact of UAE Arbitration Law
World Muslim Communities Council hosts first International Youth Forum in Abu Dhabi
Emiratis and expats set off to a two-week Camel Trek across the UAE desert
Love Your Skin Better with Sukin® Skincare
Pure Gold Jewellers opens new store in Nakheel Mall
Lewis Hamilton Tops Off Sixth World Title With Victory at Formula 1 Etihad Airwa...
EASA extends Part 145 certification of SriLankan Engineering
Abu Dhabi Airports awards retail spaces at Midfield Terminal to Lulu Group
Pre-school launches initiative encouraging children to stay hydrated
'Herman Miller and DIDI announce the winners of the ‘Ergo Chair - Student Design...
ENEC welcomes visit by senior Emiratis to headquarters in Abu Dhabi
3rd Saudi Maritime Congress announced for March 2020
Give a cat a loving home
Dubai Chamber-led advisory council outlines plans to boost economic competitiveness