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FINANCIAL NEWS
Telecom Egypt posts 12.8% drop in 2012 profit
11 Mar 2013
(MENAFN) Telecom Egypt stated that its 2012 profit declined by 12.8 percent from a year before, reported Reuters.
The landline monopoly stated that full-year net profit went down to USD384 million.
The company added that fourth-quarter profit reached USD66.91 million.
Meanwhile, margin in its earnings before interest, taxes, depreciation and amortization (EBITDA) fell to 37.1 percent from 46.7 percent a year earlier.
It is worth noting that Telecom Egypt is heavily relying on data services to make up for less fixed line income.
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24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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