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Telecom Egypt to disclose FY14 financials on March 10

Telecom Egypt to disclose FY14 financials on March 10
Photo Credit: Arabianeye-Reuters
Telecom Egypt
ETEL
-1.36% 37.78 -0.52

Egypt’s landline operator Telecom Egypt (TE) said it will disclose both its consolidated and standalone financial statements for the fiscal year ended December 31, 2014 on upcoming March 10.

 

Earlier, EFG-Hermes said it forecasts Telecom Egypt to post EGP 1.84 billion profit and EGP 10.3 billion revenues in 2014.

 

TE had posted EGP 1.79 billion net profit for the first nine months of FY14, with a decline by 25% from EGP 2.4 billion.