TAMICO sales more than 3 billion with profits equivalent to one billion pounds in 10 months

Damascus,ST- Sales of the Syrian  Arab Medical Company “TAMICO” until last month, amounted to three billion and 47 million pounds, an increase from the same period last year by about 600 million pounds, which is equal to the entire sales last year, according to the marketing report of the company, which SANA obtained a copy of it.

The company’s general manager, Dr. Fida Ali, said in a statement to SANA that sales of the current year will reach 3.700 billion pounds in light of the contracts concluded and the average sales during the past months.

The value of the company production of all pharmaceutical items reached to 3.700 billion pounds, this means an increase of about 200 million from the same period last year.  Dr. Fida Ali expected that the value of production will reach to 4 billion pounds until the end of the year, pointing out that the company’s profits so far amounted to one billion pounds and it is expected to reach 1.2 billion pounds by the end of this year.

He pointed out that the company has implemented the entire investment plan at 100 percent, which includes a line for the production of liquid drink, salts line, section for the production of ointments and a machine for the discs and packaging. All these contracts have been ratified and they are under implementation for production early next year.

While the company has set its production plan for the year 2020 at a cost about 7.200 billion pounds, the general manager of the company explained that this planned production will be from the current various sections and production lines of the company in addition to the new  sections that will be into service early next year.

M.Wassouf