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Etisalat Misr Announces Results for Nine Months

Financial results News - Published on Tue, 19 Nov 2019

Image Source: digitaloceanspaces.com
According to the results of Emirates Telecommunications Company, the revenues of its unit in Egypt, Etisalat Misr, amounted to nearly EGP 10.6 billion the first nine months of 20 as compared to EGP 8.8 billion during the same period last year. Revenues for the third quarter were about EGP 2.4 billion, compared to EGP 1.8 billion in the same period last year, according to the company’s results.

The company’s mobile operations accounted for EGP 8.9 billion in revenues, while fixed services accounted for EGP 488 million. On the other hand, the sales of appliances and equipment hit EGP 213.5 million, in addition to EGP 681 million in general sales.

The company’s customer base stood at 26.5 million at the end of the third quarter of this year, losing 1.3 million customers compared to the same period last year, due to the National Telecom Regulatory Authority’s government measures.

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Posted By : TelecomGuru on Tue, 19 Nov 2019
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