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EMPC achieves 7% growth in H1 profit

EMPC achieves 7% growth in H1 profit

ArabFinance: The Egyptian Media Production City (EMPC) (MPRC) recorded an annual increase of 7.36% in net profit after tax during the first half (H1) of 2020, according to the company’s initial financials disclosure to the Egyptian Exchange.

EMPC’s net profit stood at EGP 51.67 million in H1 2020, compared to EGP 48.13 million in H1 2019.

Basic earnings per share increased to EGP 0.27 in the January-June 2020 period from EGP 0.2538 in the same six months in 2019.

Revenues also rose by 10.44% Year on Year to EGP 231.81 million in H1 2020, compared with EGP 209.89 million in H1 2019.

During the first quarter of 2020, EMPC registered a net profit of EGP 28.54 million.

 

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