Cairo, Mar. 28: Misr for Central Clearing, Depository and Registry (MCDR) announced that it achieved a record revenue of EGP 1.76 billion in 2022. That compares with EGP 1.008 billion in 2021, a 75% growth.
Investment revenues accounted for 68% of MCDR’s total revenue in 2022, reaching EGP 1.195 billion. The company has also realized EGP 1.049 in net profits, up 112% in 2022, in comparison to EGP 495 million in 2021.
MCDR’s net profits has also achieved a leap by rising to become 60% of total revenues in 2022. That compares with 49% of total revenues in 2021.
MCDR’s net profits rose by 60% of total revenues in 2022. That compares with 49% of total revenues in 2021.
The company succeeded as well to achieve a record 53% increase in returns on shareholder equity in 2022. That compares with 43% in 2021.
MCDR explained that the revenue increase is mainly due to improvements in operational activities and maximizing investment returns. The company also achieved a 404% jump in revenues from offering digital signature services in 2022 over 2021, reaching EGP 62 million, up from EGP 12 million.
Lastly, MCDR’s Settlement Guarantee Fund, the company’s core function, reported a 144% growth in 2022 over 2021, reaching EGP 115 million, up from EGP 47 million the year before.