EMPC’s consolidated profits hikes 97.2% YoY March-end

Updated 5/11/2022 10:36:00 AM

ArabFinanceEgyptian Media Production City’s (EMPC) has reported a 97.2% year-on-year (YoY) surge in consolidated net profit during the period ended March 31st, recording EGP 50.432 million, according financial indicators filed to the Egyptian Exchange (EGX) on Wednesday.

The company’s consolidated revenue grew 17.84% YoY to EGP 147.496 million in the period ended March 31st.

EMPC’s standalone profits after tax soared 54.38% YoY to EGP 46.94 million at the end of March.

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.