IDS announces growth of 28% in total sales turnover | The Gulf Times – Dubai
Al Ittihad Drug Store (IDS), one of the UAE’s leading pharmaceutical distributors, has announced its financial results for the first quarter of the year 2015 wherein the company has posted a 28 percent growth in total sales turnover as compared to the first quarter of 2014.
This is a significant step in the right direction for the company, as the overall industry recorded a growth of 12 percent.
Apart from the increase in total sales turnover, IDS has also witnessed a remarkable rise in the Consumer Division by taking a leap of 43 percent.
This positive development is the result of organic growth from the existing portfolio and the launch of new product.
The company has also surpassed its own quarterly records with more than 1.3 million units packed, shipped and delivered in the market.