Egypt: EMPC's consolidated profits plunge 45.8% YoY in Q1 2025
Arab Finance: Egyptian Media Production City (EMPC) recorded an annual plunge of 45.87% in consolidated net profit during the first quarter (Q1) of 2025, logging EGP 186.117 million from EGP 342.642 million in Q1 2024, according to the financial results.
The EGX-listed firm generated sales amounting to EGP 320.813 million in Q1 2025, up 17.37% year-on-year (YoY) from EGP 273.332 million.
Basic earnings per share (EPS) stood at EGP 0.87 at the end of March 2025 from EGP 1.61 in the year-ago quarter.
Regarding the standalone results, the net profits climbed by 22.86% to EGP 338.918 million from EGP 275.861 million, while sales surged by 11.94% to EGP 238.996 million from EGP 213.512 million.
Non-consolidated EPS stood at EGP 1.61 in Q1 2025, higher by 22.86% YoY than EGP 1.31.
© 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info).
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Zawya
an hour ago
- Zawya
Giza Palace Hotel & Spa appoints Stefan Fuchs as General Manager
Cairo, Egypt - Giza Palace Hotel & Spa, the newest icon redefining luxury hospitality in Cairo and a proud member of The Leading Hotels of the World, is pleased to announce the appointment of Stefan Fuchs as its new General Manager. A globally recognized hospitality leader, Fuchs brings over 25 years of international expertise across the UAE, Europe, and Asia. Renowned for repositioning flagship properties and delivering award-winning guest experiences, his appointment marks a strategic milestone in Giza Palace's global expansion and brand elevation. Throughout his career, Fuchs has held leadership roles at some of the world's most acclaimed properties. At Jumeirah at Etihad Towers, he guided the hotel to numerous international accolades and solidified its reputation as one of the UAE's premier luxury destinations. At AYANA Resort and Spa Bali, he oversaw one of Asia's most celebrated luxury resorts, enhancing its global prestige through elevated service standards and visionary operational leadership. He most recently served as General Manager of InterContinental Ras Al Khaimah Mina Al Arab Resort & Spa, following notable tenures with The Ritz-Carlton and InterContinental Hotels Group. His contributions to the industry have earned him titles such as 'General Manager of the Year: Resort' at the 2024 Hotelier Middle East Awards and 'Best General Manager - Hospitality' at the World GM Awards 2024. Widely respected for his guest-first mindset and inclusive leadership style, Fuchs has a proven track record of building high-performance cultures and positioning properties as industry benchmarks. Under his leadership, Giza Palace Hotel & Spa will continue to expand its visibility while honoring Egypt's cultural heritage through a modern, refined lens. 'Excellence is not a skill. Excellence is an attitude,' says Stefan Fuchs. At Giza Palace, his vision is to craft a hospitality experience where heritage, design, and service seamlessly converge to offer guests a sense of place that is both timeless and extraordinary. About Giza Palace Hotel & Spa Part of The Leading Hotels of the World and developed by Travco Group, Giza Palace Hotel & Spa is Egypt's newest luxury landmark, a refined hospitality destination that bridges timeless Egyptian heritage with modern sophistication. Located in the heart of Cairo, the hotel features elegantly appointed rooms and suites, world-class dining led by Michelin-starred talent, expansive wellness facilities, and bespoke cultural experiences. Giza Palace Hotel & Spa sets a new benchmark for excellence in the region, redefining what it means to experience Cairo in style. Media Contact: Giza Palace Marketing pr@ PR Agency: COPIA PR gizapalace@
Zawya
3 hours ago
- Zawya
Egypt targets top 50 global business readiness ranking with key reforms
Egypt's government is targeting a position among the world's top 50 economies for business readiness and has set a three-month deadline to implement the required reforms, the country's investment minister said. Minister of Investment and Foreign Trade, Hassan El-Khatib, made the statement during the second meeting of the National Committee for the 'Business Ready' report. The meeting was hosted by the ministry and attended by Cairo Governor Ibrahim Saber and other relevant government bodies. The committee reviewed the findings of the second report issued by its technical secretariat and discussed institutional participation indicators. 'The government is targeting a position among the world's top 50 economies for business readiness,' El-Khatib said, stressing the need to implement the required measures within three months. He emphasised the need for all sectors to participate effectively by completing the report's questionnaires to ensure a realistic and effective assessment of the business environment. He noted that the required procedural reforms are not complex and can be implemented immediately, which would create a significant shift in the country's competitiveness. The minister also stressed the importance of turning current challenges into genuine reform opportunities, pointing toEgypt's existing strengths. He cited the country's advanced infrastructure, including ports and railways, a clear plan for expansion into African markets, a highly skilled workforce and engineering talent, and the availability of renewable energy sources. For his part, Cairo Governor Ibrahim Saber affirmed the governorate's full readiness to cooperate with the Ministry of Investment and Foreign Trade to address any challenges that may hinder the implementation of the targeted reforms. The meetings of the National Committee for the 'Business Ready' report are part of a state-wide effort to enhance the readiness of its institutions to apply international business standards. The initiative aims to coordinate between different government agencies and integrate their roles to build a flexible and effective institutional system capable of keeping pace with global developments and improving Egypt's investment climate.
Zawya
3 hours ago
- Zawya
Central Bank of Egypt unveils $1.58bln T-bills end-week
Cairo – The Central Bank of Egypt (CBE) auctioned treasury bills (T-bills) at a total value of EGP 80 billion through two offerings on Thursday, 19 June. The first tranche stood at EGP 40 billion, holding a tenor of 182 days until 23 December 2025, according to official data. With the same value, the second auction will mature in 364 days on 23 June 2026. Earlier this week, the central bank issued T-bills worth EGP 60 billion through two auctions. All Rights Reserved - Mubasher Info © 2005 - 2022 Provided by SyndiGate Media Inc. (
