Cairo – Mubasher: The board of directors of the Egyptian Media Production City (EMPC) approved the company’s planned budget for 2020.
The company aims to achieve net profit of EGP 105.16 million this year, compared to an estimated profit of EGP 100.2 million for 2019, according to a bourse disclosure on Sunday.
Over the course of 2020, revenues are expected to reach EGP 499.7 million, while expenses are forecast to stand at EGP 394.6 million.
It is worth mentioning that during the first nine months of 2019, EMPC logged a net profit of EGP 62.48 million, slightly down from EGP 62.58 million in the year-ago period.
