News Details

Speed Medical (SPMD.CA)’s Estimates for Drive Thru Testing Contract

20/10/2021

Speed Medical (SPMD.CA) announced that it would benefit from the full revenues of the Drive Thru Covid Testing, it will be added to their independent revenues, as well as, it will bear the whole costs, which is expected to be around 72% of realized revenues, in this context, SPMD targets to increase Drive Thru branches to maximize its revenues and profitability as well. The following table shows SPMD’s estimated revenues and profits before income tax associated with this contract. (Company’s Press Release)

 

Revenues (mn)

Profits before Income Tax (mn)

4Q2021

EGP 52

EGP 15

2022

EGP 255

EGP 71

2023

EGP 165

EGP 46

 

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