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Mobinil loss shrinks 12.4% in 9M to EGP352.5mln

Mobinil loss shrinks 12.4% in 9M to EGP352.5mln
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OREG
-8.53% 10.89 -0.98
The board of the Egyptian Company for Mobile Services (Mobinil) has endorsed financial indicators for the nine-month period that ended on September 30, 2014.
These indicators showed EGP 352.545 million net loss, narrowing 12.4% from EGP 403.063 million net loss in the same period a year earlier.
The telecom operator registered EGP 7.7 billion total sales, compared with EGP 7.4 billion in the first nine months of FY13.
H1-14 net loss had amounted to EGP 344.366 million, deepening 16.3% from EGP 296.218 million in the year-ago period.