The Clap
MOPCO reports a significant increase in earnings for H1 2022.
The Deets
MOPCO recorded a big jump in net income during H1 2022, recording a 334.7% increase on an annual basis.
Standalone net profit reached EGP 2.85 billion in H1 2022, compared to EGP 665.49 million in H1 2021.
Sales in the company increased by 129% on an annual basis, recording EGP 3.3 billion.
Reasons for Increased Earnings
The company claims that one of the drivers that caused the increase in earnings was the increased stake of dividends issued by its subsidiaries, amounting to EGP 612 million more than H1 2021.
MOPCO earns EGP 2.85 billion in 6 months 🤑
