Telecom Egypt profits hit LE 3.547B in nine months

CAIRO - 14 November 2017:Telecom Egypt (ETEL) announced in a statement released on Tuesday the audited financial results for the fiscal period starting January 1, 2017, and ending September 30, 2017.

The company posted consolidated net profits of LE3.547 billion, versus net profits of LE3.181 billion in the same period a year ago.

Moreover, it posted net revenues amounting to LE13.261 billion during the same period compared with LE9.657 billion during the same period a year ago, recording a 37 percent increase.