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MarketScreener Homepage  >  Equities  >  CAIRO AND ALEXANDRIA STOCK EXCHANGE  >  Telecom Egypt Company       

TELECOM EGYPT COMPANY

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Telecom Egypt : considers launching new real estate firm

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05/22/2019 | 10:51am EDT

Telecom Egypt logged a profit of EGP 1.61 billion in Q1

Telecom EgyptETEL

1.56% 13.02 0.20

Cairo – Mubasher: Telecom Egypt is mulling over launching a real estate firm after the assessment of the telecom operator’s land portfolio.

No decision has been taken yet as the Egyptian telecom company is still considering such proposal, according to a statement to the Egyptian Exchange (EGX).

During the first quarter of 2019, Telecom Egypt logged a profit of EGP 1.61 billion, rising by 108.4% year-on-year from EGP 775.5 million, including minority shareholders’ rights.

Meanwhile, revenues hiked to EGP 6.08 billion in the three-month period ended 31 March from EGP 4.78 billion in the year-ago period.

Source: Mubasher

(c) All Rights Reserved - Mubasher Info 2005 - 2019 Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Managers
NameTitle
Ahmed Mohamed Hamdy El-Behery Chief Executive Officer, Director & MD
Maged Ibrahim Osman Chairman
Mohamed Hassan Shamroukh Gomaa Chief Financial Officer, Director & Senior VP
Antar Kandil Chief Information Officer & Vice President
Yasser Rashwan Chief Technology Officer
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