(MENAFN) Telecom Egypt recorded a net profit of USD79.16 million in the first quarter of the year, marking an increase by 9.9 percent year-on-year due to sturdy retail growth, Reuters reported.
The company which dominates the landline and is 80 percent owned by the government additionally posted a revenue of USD362.7million, marking an increase from USD336.45 million a year ago.
"We are (projecting) that we'll be able to grow this customer base," the Chief Executive of Telecom Egypt said in a statement.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.