Telecom Egypt posts 88% jump in H1 net profit, revenue up 16%

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CAIRO – Telecom Egypt posted net profit of 3.9 billion Egyptian pounds ($249.20 million) for the first half of 2021, up 88% from the same period last year, the company said in a statement on Tuesday.

Total consolidated revenue was 17.4 billion Egyptian pounds in the period, up 16% year-on-year, it added.

Telecom Egypt received a second payment from its profit share in Vodafone Egypt worth 3.6 billon Egyptian pounds in July, the statement said

Reuters

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