Sabaa International Company for Pharmaceutical and Chemical Industry announced earnings results for the second quarter and first half of 2016. The company posted a 10.3% drop in the second quarter's net profits. Moreover, net profits reached USD 58.7 million in the cited quarter, compared with USD 65.50 million for the same period last year.

The company's profits jumped to reach USD 0.13 million from USD 0.13 million for the first half of last year.

The company proclaimed that it aims to raise revenues from USD 4.48 million to USD 6.72 million by the end of 2016.