News Details

Egyptian Media Production City (MPRC.CA)’s 1Q2022 Consolidated Net Profit doubles

26/05/2022

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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