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Indies Pharma reports $525 million gross profit

Despite the challenges faced due to the COVID-19 pandemic crisis, Indies Pharma Jamaica saw gross profit for the twelve-month period ending October 31, of J$525 million.
 
This represents a 14.1 per cent or J$65 million increase when compared with the similar period in 2019. 
 
Similarly, an increase of 11.5 per cent or J$13 million was also recorded for the three-month period ending October 31, 2020 in comparison to the same period in 2019.
 
Net Profit increased to J$199.1 million, a 46.3 per cent surge over the twelve-month period when compared to the corresponding period in the previous year.
 
Indies Pharma also achieved revenues of J$765.9 million, representing an increase of five per cent or J$36.5 million over the corresponding period in 2019. 
 
The Company said it would have would have seen a significant growth in its revenues if it were not for the pandemic.


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