Cairo – Mubasher: Global Telecom Holding’s consolidated net profits for the fourth quarter of fiscal year 2016 declined 4.3% to $35.4 million, versus EGP 37 million for Q4-15.

Consolidated net profits for FY16 rose 1,840% to $194 million from $10 million for FY15, according to a bourse statement released on Monday.

Revenues for 2016 amounted to $2.95 billion, 2% up from $2.89 billion for 2015.

By 10:13am Cairo time, the stock fell by 0.63% to EGP 6.30.