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Media Production City profits plunge 46% in 2014

Media Production City profits plunge 46% in 2014
Photo Credit: Arabianeye-Reuters
Media Production City
MPRC
-5.68% 15.29 -0.92

Egyptian Media Production City reported EGP 10.4 million in net profits for 2014, compared with EGP 19.3 million in the previous year, a decline of 46%.

Meanwhile, the company posted net profits of EGP 18.5 million in the first nine months of 2014, down by 31% from the corresponding period in 2013.

Media Production operates with capital of EGP 1.9 billion, distributed across 189.6 million shares at EGP 10 par value each.