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Integrated Diagnostics wins airport testing contract | 18 August 2021

Integrated Diagnostics wins airport testing contract | 18 August 2021
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Investegate | Company News | Corporate, London Stock Exchange, Regulatory News Headlines Integrated Diagnostics profit jumps in Q1 on strong demand for Covid-19 tests

Investegate, Integrated Diagnostics profit jumps in Q1 on strong demand for Covid-19 tests by BFN News From InvestEgate ....

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Integrated Diagnostics profit jumps in Q1 on strong demand for Covid-19 tests | 2 June 2021

2 June 2021 | 09:35am
StockMarketWire.com - Healthcare company Integrated Diagnostics reported a rise in first-quarter profit amid strong demand for its Covid-19 test offering.
For the first three months of 2021, net profit was EGP 339 million, up 230% year-on-year in 1Q 2021, and revenue rose 126% to EGP 1,130 million.
The record-breaking performance in the first quarter of 2021 was primarily supported by IDH s Covid-19-related test offering and was both volume- and price-driven, as total tests performed expanded 32% year-on-year and average revenue per test increased 71% versus 1Q 2020, the company said.
Net profit margin stood at 30% for the quarter versus 21% in 1Q 2020.
Looking ahead, while the company s immediate focus remains on continuing to play a frontline role in helping governments across our footprint combat the ongoing Covid-19 pandemic, IDH s longer-term outlook remains strong as evidenced by the recovery of our conventional business witness ....

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