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Wireless

Orange Egypt FY revenue up 7.7% to EGP 12.68 bln

Wednesday 21 February 2018 | 16:13 CET | News
Orange Egypt's revenues grew by 7.5 percent to EGP 12.68 billion in 2017. EBITDA reached EGP 3.7 billion, up by 25.4 percent despite the significant increase in the company's network costs due the flotation of the Egyptian pound. The company said net profit reached EGP 123 million in Q4 2017, decreasing its net loss for the full year by 35.5 percent to EGP 1.6 billion. Orange attributed the loss mainly to the increase in financing costs. 

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Categories: Mobile & Wireless
Companies: Orange Egypt
Countries: Egypt
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