EMPC eyes to achieve net profit over EGP 100M
Updated 12/21/2020 7:36:00 AM
ArabFinance: Egyptian Media Production City’s (EMPC) board of directors approved budget for 2021, targeting a net profit of EGP 118 million, according to the company’s statement filed to the Egyptian Exchange.
The company targets to achieve sales of EGP 533 million, the statement highlighted.
In February, EMPC bought 1,253,230 shares, equivalent to 64.70%, in Arabian Hotels Media Production City at EGP 115 per share.
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.
