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Telecom Egypt reports EGP 2B profits in 1H2019

Telecom Egypt reports EGP 2B profits in 1H2019

ArabFinance:  Telecom Egypt (ETEL) announced in a statement sent to EGX, the audited financial results for the fiscal period starting January 1, 2019, and ending June 30, 2019.

The company posted consolidated net profits of EGP 2.134 billion, compared to net profits of EGP 2.061 billion in the same period a year ago, taking into account the minority rights.

Moreover, it posted standalone net profits of EGP 5,038,411, compared to net profits of EGP 1,423,468 in the same period last year.

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