EGP mn
1Q2021
1Q2022
Change %
Revenues
125.2
147.5
17.8%
Gross Profit (Loss)
56.8
74.0
30.3%
GPM %
45.4%
50.1%
Net Profit (Loss)
25.7
50.3
95.9%
NPM %
20.5%
34.1%
Egyptian Media Production City (MPRC.CA)’s 1Q2022 consolidated net profit recorded EGP 50.3mn doubling from EGP 25.7mn in 1Q2021. (Company’s Financial Statements). Analyst Comment: the improvement in the company’s bottom-line can be mainly explained by recording gross profit of EGP 74mn in 1Q2022 marking 30.3% rise compared to EGP 56.8mn in 1Q2021, as well as recording FX gains of EGP 10.2mn in 1Q2022 multiplying from EGP 0.09mn in 1Q2021.
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The Turkish lira strengthened to 16.7 per USD, the highest in nearly three weeks after the Turkish b
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