UAE's Julphar sees H1 sales up 10.5%

Revenue during the period hits $190m based on private sector sales

UAE pharmaceuticals firm Julphar saw its sales rise 10.5 percent year-on-year to AED696.4m ($190m) during the first half of 2013.

Ras Al-Khaimah-based Julphar, which manufactures and distributes more than 800 products, said revenue growth during the period was driven by private market sales, which rose by 13.4 percent.

Net profit increased 5.5 percent to AED116.9m.

Gross profit for the half was up 8.3 percent year-on-year to AED412.1m, while operating profit ticked up 2.6 percent to AED126.5m. Operating profit margin was at 18.2 percent.

“The financial figures reflect a successful first half of the year for Julphar,” commented Sheikh Faisal bin Saqr Al Qasimi, chairman of Julphar. “Maintaining stable financial growth and delivering sustainable healthcare is a key priority of the board."

Founded in 1980, Julphar has 12 manufacturing facilities and distributes products in areas including endocrinology, anti-infective, cardiovascular, dermatology and gastroenterology.

Last year it became the only firm in the Middle East to produce the raw material needed to make insulin, through the launch of a unit entirely dedicated to diabetes.

Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

NOTE: Comments posted on may be printed in the magazine Arabian Business

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

All comments are subject to approval before appearing

Further reading

Features & Analysis
GCC's healthcare prognosis is looking good

GCC's healthcare prognosis is looking good

If there is one sector in the GCC with a robust prognosis it...

Is this the right prescription for Saudi Arabia?

Is this the right prescription for Saudi Arabia?

Saudi Arabia is expanding its healthcare industry on the back...

Revealed: Diagnosis for keeping the Gulf healthy

Revealed: Diagnosis for keeping the Gulf healthy

Gulf states have largely footed the bill for healthcare for decades...

Most Discussed