MCDR’s net profits leap 112% YoY in 2022

Misr for Central Clearing, Depository, and Registry’s (MCDR) net profits rose 112% year-on-year (YoY) during 2022, hitting EGP 1.049 billion from EGP 495 million, according to an emailed release on March 29th.

The company’s revenues jumped by 75% to EGP 1.760 billion, compared to EGP 1.008 billion in 2021.

MCDR previously announced plans to acquire a market share of 30% of the local digital signature market in 2023.

In 2022, the company’s market share of local digital signature usage exceeded 20%.