Egypt's Orascom Telecom posts 2015 net loss of EGP 3.6 bln

Reuters , Thursday 28 Apr 2016

Egypt's Orascom Telecom Media and Technology Holding reported a net loss of EGP 3.6 billion ($405 million) in 2015 versus a net profit of EGP 263.98 million a year earlier, the firm's financial statements, printed in local media on Thursday, showed.

OTMT's operational revenues increased by 12.8 percent in 2015 to EGP 291.420 million, while its financial costs increased to EGP 1.045 billion from 339.635 million a year earlier. 

Short link: