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FINANCIAL NEWS
Egypt’s TE profits jump by 11.9pct in Q3
13 Nov 2016
(MENAFN) Telecom Egypt (TE) amid the third quarter of this year has surpassed average expectations of research departments in investment banks at EGP868.1mn.
Furthermore, the firm’s incomes amid the cited period neared the expectations, as achieved incomes reached EGP3.309bn.
However, profits declined by 27.85 percent compared to profits amid the same period of 2015, which reached EGP1.203bn.
Meanwhile, TE net profits worth EGP3.185bn amid the Jan-Sep period, compared to net profits worth EGP2.136bn amid the same period of 2015.
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