Cairo - Mubasher: Speed Medical Company signed an agreement for the management of the medical lab of Abu Sati Specialised Hospital in Abu Hammad, Sharkia.
The agreement involves a revenue-sharing scheme with Speed Labs receiving 60% of the cash revenue and 80% of the contract revenue, the company said in a bourse disclosure on Sunday.
This is the first of the 11 branches scheduled to open in Sharkia before the end of 2021.
Moreover, two seasonal laboratories and clinics were opened in the North Coast at Marassi and Hacienda resorts.
During the first quarter (Q1) of 2021, Speed Medical Company reported net profits of EGP 40.92 million, compared to EGP 7.17 million in the year-ago period.
