Latest Breaking News On - Integrated diagnostics holdings plc - Page 2 : comparemela.com

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 witnessed in the first qu

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