Brief: Telecom Egypt Q2 Consol Profit Rises

Telecom Egypt SAE

14/08/2023 07:07

Aug 14 (Reuters) - TELECOM EGYPT CO  ETEL.CA :
    * Q2 CONSOL NET PROFIT AFTER TAX EGP 2.88 BILLION VERSUS EGP
2.42
BILLION YEAR AGO
    * Q2 CONSOL REVENUE EGP 14.18 BILLION VERSUS EGP 10.98
BILLION
YEAR AGO
    * H1 IN-SERVICE CAPEX AMOUNTED TO EGP 4.5BN, A 55% INCREASE
YOY
    * CUSTOMER BASE INCREASED ACROSS THE BOARD WITH FIXED VOICE
AND
BROADBAND GROWING 5% AND 8% YOY IN H1
    * IN Q2, MOBILE SAW A 17% INCREASE YOY
    * IN Q2, WHOLESALE GROWTH CONSTITUTED 74% OF TOP-LINE GROWTH
    * IN Q2, HOME & CONSUMER GREW 15% YOY
    * EXPECTS ADDITIONAL FCFF IMPROVEMENTS IN Q3 AND Q4 2023

Further company coverage:  ETEL.CA 

 ((Reuters.Briefs@thomsonreuters.com;))