EMPC’s consolidated profits rise 77.54% YoY in 9 months
Updated 10/31/2024 10:02:00 AM
Arab Finance: Egyptian Media Production City (EMPC) posted a 77.54% year-on-year (YoY) growth in consolidated net profit for the first nine months of 2024, recording EGP 616.832 million, compared to EGP 347.430 million, according to the financial indicators filed to the Egyptian Exchange (EGX) on October 31st.
Revenues climbed 19.32% YoY, hitting EGP 760.838 million during the January-September period of this year, compared to EGP 637.618 million.
The firm also generated EGP 443.894 standalone net profits after tax during the nine-month period, compared to EGP 255.699 million, with an annual growth of 73.6% YoY.
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.
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