Al Moasher shifts to profitability in 9 months

Updated 11/16/2022 2:31:00 PM

Arab FinanceAl Moasher for Programming and Information Dissemination (AMPI) swung to profitability during the first nine months of 2022, according to the financial statement filed to the Egyptian Exchange (EGX) on November 16th.

The company recorded a net profit after tax of EGP 1.051 million in January-September, compared to a net loss of EGP 4,691 in the corresponding period of 2021.

Established in 2003, Al Moasher operates within the software and services sector focusing on application software.