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EMPC’s profit rises 7% in H1-20 unaudited financials

EMPC’s profit rises 7% in H1-20 unaudited financials
The company’s sales rose to EGP 231.8 million
Media Production City
MPRC
7.71% 6.04 0.44

Cairo – Mubasher: The unaudited financial results of the Egyptian Media Production City Co (EMPC) showed net profits of EGP 51.67 million in the first half (H1) of 2020, up by 7.36% year-on-year (YoY) from EGP 48.13 million.

The company’s sales rose to EGP 231.8 million in the January-June period, compared to EGP 209.8 million in the same period a year earlier, according to a bourse disclosure on Sunday.

It is noteworthy to mention that in the first quarter (Q1) of 2020, EMPC reported net profits of EGP 28.54 million, up from EGP 27.24 million in the year-ago period.