Arab Finance: Egyptian Media Production City (EMPC) reported a 111.47% year-on-year (YoY) growth in its standalone net profits for the first quarter (Q1) of 2024, according to the company’s financial indicators on May 16th.
Net profits reached EGP 275.862 million in the three-month period, compared to EGP 130.451 million achieved in the corresponding period a year ago.
Operating revenues totaled EGP 213.513 million, up 10.35% YoY from EGP 193.492 million in Q1 2023.
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.