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Telecom Egypt says Q2 net profit climbs 45.5 pct

Reuters, Wednesday 14 Aug 2013
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Telecom Egypt said on Wednesday its consolidated net profit in the second quarter climbed 45.5 percent, boosted by a 16.1 percent growth in revenues compared to the same period of last year.

Net profit stood at 896 million Egyptian pounds ($128.2 million) in the three months ending June 30, outstripping analyst estimates, compared to 616 million pounds a year earlier. Consolidated revenue was 2.77 billion Egyptian pounds, up 16 percent from a year earlier.

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