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80% increase in net profits of Media Production City during the first half of fiscal year 2024
8/6/2024

The Board of Directors of Media Production City, headed by Mr. Abdel Fattah El-Gebali, approved the consolidated financial statements of the company's activity at the end of the first half of 2024 for the period from 1/1/2024 to 30/06/2024, which highlighted a tangible improvement in financial results, most notably the increase in net profit to EGP 474 million compared to EGP 264 million, an increase of 80% during the same period last year, and the share of the net profit for the same period amounted to EGP 2.23 compared to EGP 1.25 for the same period of the previous year.

It is worth noting that the Media Production City is an Egyptian joint-stock company operating under the public free zone system, in which the National Media Authority, the National Investment Bank, the National Bank of Egypt and the Egyptian Company for Investment Projects and Public Subscription contribute.

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