EMPC's consolidated profits surge 103.9% in 2021

Updated 2/20/2022 2:29:00 PM

ArabFinanceEgyptian Media Production City’s (EMPC) consolidated net profits after taxes surged 103.9% to EGP 137.226 million in 2021, from EGP 67.300 million in 2020, according to unaudited income statements filed to the Egyptian Exchange (EGX) on Sunday.

Consolidated revenue grew 22.63% to EGP 552.384 million in 2021, from EGP 450.466 million in 2020.

EMPC’s standalone net profits after taxes rose by 33.22% to EGP 137.657 million in the full year ended December 31st 2021, from EGP 103.327 million the year before.

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.