Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Telecom Egypt posts 12.8% drop in 2012 profit  Join our daily free Newsletter

MENAFN - - 11/03/2013

No. of Ratings : 1
Digg This Article: http%3a%2f%2fwww.menafn.com%2fmenafn%2fqn_news_story_s.aspx%3fstoryid%3d1093617384%26title%3dTelecom-Egypt-posts-128-drop-2012-profit Share This Article: http%3a%2f%2fwww.menafn.com%2fmenafn%2fqn_news_story_s.aspx%3fstoryid%3d1093617384%26title%3dTelecom-Egypt-posts-128-drop-2012-profit Add to Delicious Seed this article Buzz this article Add to Reddit Add to furl Add to stumbleupon Add to Mixx!


 


(MENAFN) Telecom Egypt stated that its 2012 profit declined by 12.8 percent from a year before, reported Reuters.

The landline monopoly stated that full-year net profit went down to USD384 million.

The company added that fourth-quarter profit reached USD66.91 million.

Meanwhile, margin in its earnings before interest, taxes, depreciation and amortization (EBITDA) fell to 37.1 percent from 46.7 percent a year earlier.

It is worth noting that Telecom Egypt is heavily relying on data services to make up for less fixed line income.

 






  MENA News Headlines
May 20 2013Saudi and Philippine Labor Ministries Sign Accord To Regulate Recruitment of House-Workers ,Saudi Press Agency
(MENAFN - Saudi Press Agency) Deputy Minister of Labour Mufarrej bin Saad Al-Haqbani and Philippine Labor Secretary Rosalinda Baldoz signed in Jeddah today a bilateral framework agreement to regulate ...

May 20 2013UAE- Verdict in torture case on June 9 ,Khaleej Times
(MENAFN - Khaleej Times) The man sentenced to death for torturing his eight-year-old daughter to death has claimed in the Court of Appeal that his ex-wife cast a spell on him, which caused the demise ...

May 20 2013170 illegal residents arrested in Sharjah ,Khaleej Times
(MENAFN - Khaleej Times)  As many as 170 people of different nationalities have been rounded up by Ministry of Interior policemen in Sharjah for breaching residency laws. Those arrested, ...

May 20 2013UAE- Dh267m roads expansion project to begin soon ,Khaleej Times
(MENAFN - Khaleej Times)  Work on a Dh267.5 million roads project will begin on an 80 kilometre two-lane highway that links Abu Dhabi's third largest city with the Western Region, the Department ...

May 20 2013UAE- Man dies after car overturns in RAK ,Khaleej Times
(MENAFN - Khaleej Times)  An Emirati man died early on Sunday morning after the car he was travelling in overturned several times on the Wadi Ghalila Road in northern Ras Al Khaimah. According to ...

May 20 2013Flat, cars gutted in Sharjah ,Khaleej Times
(MENAFN - Khaleej Times) A fire erupted in a residential building in Sharjah early on Sunday morning destroyed a flat and three cars, which erupted at a residential building in Sharjah early on ...

May 20 2013UAE- Honest cabbies hand back precious jewels ,Khaleej Times
(MENAFN - Khaleej Times) Two Sharjah taxi drivers separately returned a combined Dh60,000 worth of precious jewels along with 
an iPad and passports in the past week. The Sharjah Transport ...

May 20 2013UAE- 50% of child abusers are close to victims' families: Official ,Khaleej Times
(MENAFN - Khaleej Times) Fifty per cent of the molesters of children are family members or those close to their families, Major Arif Ali bin Shebu and Captain Nasser Abdul-Aziz Al Khajah from the ...

May 20 2013UAE- Onset of summer may kill coronavirus, say experts ,Khaleej Times
(MENAFN - Khaleej Times) The deadly coronavirus should be destroyed in the coming weeks with the onset of summer, said an expert. During a meeting held in Dubai last week, Global and Arab Hygiene ...

May 20 2013UAE- Remarkable surge in Metro commuters ,Khaleej Times
(MENAFN - Khaleej Times) During the first quarter of 2013, Dubai Metro managed to achieve a significant increase in the number of commuters compared to the same period last year, as the use of both ...

more...


 
MENAFN






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country
Marketwatch News
UPI News
Comtex News

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help