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EMPC registers profit of EGP 23M

EMPC registers profit of EGP 23M

ArabFinance: Egyptian Media Production City (EMPC) (MPRC) reported a consolidated net profit of EGP 23,389,458 in the first nine months of 2020, according to the company’s unaudited financial statement filed to the Egyptian Exchange.

The financial statement revealed no consolidated profit for the comparable period, the release highlighted.

Standalone net profit reached EGP 54,670,927 in the January-September period of 2020, a 12.5% decrease from EGP 62,484,267 posted in the prior-year period.

In February, EMPC bought 1,253,230 shares, equivalent to 64.70%, in Arabian Hotels Media Production City 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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