Earnings Report /
Egypt

Speed Medical: 3Q21| Core Operations Boost 9M21 Performance; New Plan Upgrades FV to EGP2.50

  • Annual top-line surges on the back of labs’ strong performance

  • Core operations support annual bottom-line growth amid weak contribution from Prime Speed

  • SPMD completely exits Prime Speed and Misr Labs; Expansion plans are key for upside potential

Merna Arafat
Al Ahly Pharos Securities Brokerage
18 November 2021