Cairo – Mubasher: Orange Egypt for Telecommunications said its unaudited consolidated financial results for the second quarter of 2016 reflected a decline of 53.8% in its losses.

The Telecom company suffered losses of EGP 21.05 million in the second quarter of 2016, compared with EGP 56.04 million for the same period a year earlier.

As for the first half of 2016, Orange Egypt brought down its losses by 63.6% to EGP 33.4 million, compared with EGP 91.1 million for the similar period of the previous year.