profits

Telecom Egypt sees 2013 revenues increase 11%
Business

Telecom Egypt sees 2013 revenues increase 11%

Telecom Egypt released FY2013 financial statements according to EAS. Revenue for 4Q2013 was recorded at LE2.8 billion, up 12 percent…
Talaat Moustafa holding’s profits grow 7% in 2013
Business

Talaat Moustafa holding’s profits grow 7% in 2013

Talaat Moustafa holding Group announced that net profit in 2013 rose 7 percent to LE585 million in 2013. The company had…
Spinning and weaving workers resume strike demanding minimum wage be applied
Egypt

Spinning and weaving workers resume strike demanding minimum wage be applied

Thousands of Mahalla Spinning and Weaving Company resumed on Tuesday their strike and sit-in staged at the company demanding the…
Political turmoil drops Egypt’s Sewedy Q1 net profit to 43.8%
Business

Political turmoil drops Egypt’s Sewedy Q1 net profit to 43.8%

Egypt's El Sewedy Electric, the Arab world's biggest listed cable maker, on Wednesday reported a 44-percent drop in its 2012…
Orascom Telecom Q1 net profit seen at US$45 mn
Business

Orascom Telecom Q1 net profit seen at US$45 mn

Orascom Telecom (OT) is expected to post a first-quarter net profit of US$45 million on Monday, following a net loss…
Telecom Egypt says 2011 net profit declined 6.8%
Business

Telecom Egypt says 2011 net profit declined 6.8%

Landline monopoly Telecom Egypt said on Thursday its 2011 net profit fell 6.8 percent year on year to LE2.93 billion.…
Solidarity Ministry to set 30% profit ceiling on commodity sales
Business

Solidarity Ministry to set 30% profit ceiling on commodity sales

Solidarity and Social Justice Minister Gouda Abdel Khaleq said he will begin discussions with the Federation of Egyptian Chambers of…
Telecom Egypt Q1 net profit dips 10% but shares go up
Business

Telecom Egypt Q1 net profit dips 10% but shares go up

Landline monopoly Telecom Egypt posted a 10 percent drop in first-quarter net income on Wednesday after anti-government protests hit the…
Orascom Telecom sees 400-percent surge in N. Korea mobile business
Business

Orascom Telecom sees 400-percent surge in N. Korea mobile business

Mobile phone service subscriptions in Orascom Telecom's North Korean joint venture climbed over 400 per cent in the 12-month period…
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