Al Moasher achieves 42% profit increase

Updated 8/16/2020 4:29:00 PM

ArabFinance: Al Moasher for Programming and Information Dissemination (AMPI) reported a 42% Year on Year rise in its net profit in the first half (H1) of 2020, according to the company’s August 16th financial statements filed to the Egyptian Exchange.

Net profit stood at EGP 205,289 in H1 of 2020, compared to EGP 143,710 achieved in H1 2019.

The company posted a net profit at EGP 53,315 in Q1 2020, compared to EGP 65,723 posted in Q1 2019.

Established in 2003, Al Moasher operates within the software and services sector focusing on application software.