Telecom Egypt projects 2016 revenue growth of 7-9 pct

Reuters , Tuesday 22 Dec 2015

Telecom Egypt
Egypt Telecom (Photo: Al-Ahram)

Telecom Egypt, the country's state-owned landline monopoly, expects revenue growth between 7 percent and 9 percent in 2016, it said on Tuesday.

The company projected a profit margin before interest, tax and depreciation of between 20 percent and 30 percent, it added in a statement to the Egyptian bourse.

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