Global Telecom Holding (S.A.E.) reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported net income was USD 6.9 million compared to USD 30.6 million a year ago. Basic earnings per share from continuing operations was USD 0.002 compared to USD 0.006 a year ago.
For the six months, net income was USD 11.9 million compared to net loss of USD 114.2 million a year ago. Basic earnings per share from continuing operations was USD 0.003 compared to basic loss per share from continuing operations of USD 0.024 a year ago.