Cairo – Mubasher: The board of directors of the Egyptian Media Production City Co (EMPC) approved the planning budget for 2023.
The EGX-listed company aims to achieve net profits of EGP 224.48 million next year, compared to estimated profits of EGP 186.40 million by 2022 year-end, according to a bourse disclosure on Sunday.
Over the course of 2023, revenues are expected to reach EGP 694.21 million.
During the first nine months (9M) of 2022, the unaudited consolidated net profits of EMPC grew by 66.27% on an annual basis to EGP 158.49 million, compared to EGP 95.32 million.
The company’s revenues reached EGP 465.21 million in January-September 2022, a yearly hike of 15.80% when compared to EGP 401.74 million.
