TE reports $425m in full-2013 earnings | TE reports $425m in full-2013 earnings -
telecom-egypt

TE reports $425m in full-2013 earnings

: Saturday, April 12 - 2014 @ 01:11

Telecom Egypt has posted a net profit of EGP2.96bn ($425m) for 2013, up from EGP2.62bn a year earlier, Reuters has reported. The fixed line monopoly operator, whose revenues rose to EGP11.13bn from EGP10.03bn, said it would pay EGP1 ($0.14) per share, down from EGP1.30 a year earlier, despite higher sales and profits. Earlier in April, telecoms minister Atef Helmy said the company has been asked to pay EGP2.5bn for a mobile licence it seeks, and has also been given a one-year deadline to sell its near 45% stake in Vodafone Egypt.

Today's Top Stories

Posted by

Saturday, April 12- 2014 @ 1:11 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

AME Info Services







Business DirectoryVIEW ALL

Search by name

Search by industry

Browse alphabetically





JobsVIEW ALL

Search for jobs

Latest Jobs