The Board of Directors of the Media Production City, headed by Mr. Abdel Fattah El-Gabaly, approved the consolidated financial statements for the company’s activity at the end of the year 2023 for the period from 1/1/2023 to 12/31/2023, which highlighted a tangible improvement in the financial results, most notably an increase in net profit to 481 million pounds, compared to 272 million pounds, an increase of 78% during the same period last year. The share of net profit for the same period amounted to 2.27 pounds, compared to 1.29 pounds for the same period of the previous year.
This comes as a primary result of expanding the company’s activities and increasing revenues for the main activity, which is revenues from studios, production and artistic services, and marketing artistic production, as its total revenues for that period increased from the amount of 453 million pounds to the amount of 528 million pounds, as well as revenues from various sources such as the increase in net profits from investments in companies. belonging to the city.