Egyptian Media Production eyes EGP 80.5m profits in 2018 budget

Cairo – Mubasher: Egyptian Media Production City Co is targeting profits of EGP 80.5 million in its estimated 2018 budget scheme.

The financial indicators have shown that the information and media complex may record EGP 40.32 million profits in 2017, Egyptian Media Production added in a statement to the Egyptian Exchange (EGX) on Sunday.

The budget scheme aims at achieving EGP 356.43 million revenues by the end of 2018, from estimated revenues of EGP 333.07 million in 2017, the company highlighted.

Given that the operator of a network of studios has generated profits of EGP 23.3 million in the first nine months of 2017, up from EGP 18.9 million in the January-September period of 2016.

Mubasher Contribution Time: 21-Jan-2018 13:15 (GMT)
Mubasher Last Update Time: 21-Jan-2018 14:48 (GMT)