Thursday 17 April 2014
 
»
 
»
Story

Orascom swings to Q2 profit

Cairo, August 15, 2012

 

Egypt-based Orascom Telecom reported second-quarter net profit of $27 million on Tuesday, reversing a loss of $58 million a year earlier when results were weighed down by tax charges from the sale of its Tunisian business.
 
Egypt-based Orascom is controlled by Russia's Vimpelcom and has operations in Algeria, Pakistan, Bangladesh and Canada.
 
Earnings before interest, tax, depreciation and amortisation were $469.8 million, the company said, revising down its year-earlier figure to $439 million from $476 million. Underlying profitability was expected by analysts to be slightly lower because of weaker mobile margins in Bangladesh. - Reuters



Tags: Egypt | Telecom | Orascom |

More IT & Telecommunications Stories

calendarCalendar of Events

Ads

Buy high quality China wholesale Health & Beauty , Electronics, Sports & Outdoors , Computers, Video Games, Toys & Hobbies Cell Phones, Automobiles and other wholesale products directly from reliable Chinese wholesalers or Factories on DHgate.com