Cairo – Mubasher: The Egyptian Media Production City Co (EMPC) reported net profits of EGP 67.3 million during 2020, the unaudited consolidated financial results showed.

The company generated EGP 450.466 million in consolidated revenue last year, according to a bourse disclosure on Sunday.

No results were reported for the corresponding period as the company has not reported its consolidated results before.

As for standalone business, the company achieved net profits of EGP 103.327 million last year, compared to EGP 105.13 million in 2019, and revenues of EGP 468.07 million in 2020, compared to EGP 430.98 million a year earlier.

During the first nine months of 2020, EMPC registered net profits of EGP 23.38 million.