TE reports $425m in full-2013 earnings
12/04/2014 1:11 am EDT


share with your network:




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.

About the Author



share with your network:


Share your view



© 1996-2015 Media quest FZ LLC A media and entertainment company
Middle East Main Office
[email protected]
© 2015 Dubai Business | Ameinfo . All rights Reserved.