MCDR Net Profits Drop 31% in 2011

Misr for Central Clearing, Depositary and Registry (MCDR) has posted net profits of  EGP 33.418 million during the fiscal year of 2011, down 31%. Noting that the MCDR had posted net profits of EGP 48.5 million in 2010.

The total assets reached EGP 155.5 million in 2011, while they were EGP 114 million a year earlier.

MCDR’s total revenues shrank to EGP 163.650 million in 2011, compared to EGP 194 million in 2010. In addition, the salaries in 2011 went down to reach EGP 67 million, noting that they amounted to EGP 79 million a year earlier.

On social activities and services for the MCDR staff, the company had finished the staff’s housing project located in New Cairo. The project units have been submitted from the company’s contractor DETAC.

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