Update 1: MOPCO Shares Surge 16% on Strong Q1 Earnings Report
MFPC shares hit a high of EGP 52.80 during today's session, with the price standing at EGP 51.30 as of 11:25 CLT. Trading volume more than doubled the 5-day average, with over 3 million shares traded.
Main News: MOPCO (MFPC) has released its financial earnings report for the period ended on March 31, 2024. The company witnessed an impressive 95% surge in net income, reaching EGP 7.6 billion compared to EGP 3.9 billion recorded during the same period last year.
Additionally, the earnings per share experienced a significant jump, standing at EGP 3.68 per share, compared to EGP 1.89 per share reported in the corresponding period last year.
Below MOPCO earnings release
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