Thndr Claps » EGY Claps » Earnings 📈 » Integrated Diagnostics profits drop 34% in H1 2022 💊
The ClapDuring H1 2022, Integrated Diagnostics Holding (IDHC) profits declined by 34% YoY to record EGP 439 million, while revenues declined 15% to reach EGP 1.95 billion.The DeetsAccording to the company, the main driver of the decline in revenues and profits was the lower price and volume of COVID-19 test sales, which declined by 44% in 6 months.Despite that, the company said the increase in sales of traditional diagnostic tests led to a reduced impact of the decline in sales of COVID-19 tests.
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