Tuesday, 20 August 2019 07:07 GMT
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Telecom Egypt posts 41pct increase in Q2 revenues




(MENAFN) Telecom Egypt proclaimed its results for the second quarter of the year, while its whole revenues for Q2 reached EGP4.64bn compared to EGP3.29bn for the same period of 2016.

Meanwhile, the earnings before interest, tax, depreciation and amortization reached EGP1.48bn, a strong profit margin of 32 percent.

Additionally, the net profit after taxes reached EGP1.27bn, an increase of 22 percent compared to the same period of 2016.

Accordingly, the Earnings per share for the period were EGP0.74, whereas the price of one share reached EGP1.53 amid the Jan-June period of the year.

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Telecom Egypt posts 41pct increase in Q2 revenues

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