Telecom Egypt's Vodafone's profits rise to 647 million pounds

Economy and stock exchange

Telecom Egypt posted an increase in its profits from Vodafone Egypt, which owns about 45 percent of its shares to reach 647 million pounds in the first quarter of 2019 compared to 287 million pounds in the first quarter of 2018, .

The consolidated revenues for the period ended March 31, 2019 were LE 6.1 billion, a 27% growth over the same period last year. The increase in revenues of retail units contributed 57% to this growth, data.

The net profit after tax increased last year to LE 1.6 billion, a 27% margin. The capital expenditure rate of total revenues was 23% due to our continued investment in infrastructure.

[t tags] Vodafone