Cairo – Mubasher: The Egyptian Company for Mobile Services (Mobinil) said consolidated financial indicators for the first half of 2015 showed that losses shrank by 73.6% to EGP 91.1 million ($11.7 million), compared with EGP 344.4 million ($44 million) logged in the same period a year earlier.

The company’s H1 revenues amounted to approx. EGP 5.6 billion, up from EGP 5.4 billion in H1-14.

Meanwhile, H1 standalone financial indicators showed that losses were cut by 90.6% to EGP 30 million, compared with EGP 336 million.