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EMPC posts 87% profit increase

EMPC posts 87% profit increase

ArabFinance: Egyptian Media Production City (EMPC) (MPRC) reported a 7% Year on Year rise in its net profit in the first half (H1) of 2020, according to the company’s August 13th financial statements filed to the Egyptian Exchange.

Net profit stood at EGP 51,678,989 in H1 of 2020, compared to EGP 48,134,456 achieved in H1 2019.

In February, EMPC's board of directors approved purchasing Arab Contractors' stake in Arabian Hotels Media Production City company. (AHMP).

The company will buy 1,253,230 shares, which represent 64.70% of AHMP's capital at EGP 115 per share. 

EMPC is an Egypt-based company engaged in the media sector. The company provides and leases television, cinema and media production tools and complementary services to others, as well as produces cultural, drama and kids shows.

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