Egypt's Orascom Telecom Media and Technology Holding reported a net loss of 3.6 billion Egyptian pounds ($405 million) in 2015 versus a net profit of 263.98 million pounds a year earlier, the firm's financial statements, printed in local media on Thursday, showed.
Orascom Telecom posts 2015 net loss of 3.6B Egyptian pounds
OTMT's operational revenues increased by 12.8 percent in 2015 to 291.420 million pounds, while its financial costs increased to 1.045 billion pounds from 339.635 million a year earlier.
($1 = 8.8799 Egyptian pounds)
JOIN OUR PULSE COMMUNITY!
ADVERTISEMENT
Eyewitness? Submit your stories now via social or:
Email: eyewitness@pulse.ng
Recommended articles
Gov inaugurates 2nd phase of palliative distribution to poor Enugu residents
Flight Dispatchers fault Keyamo's order to suspend Dana Air over landing mishap
Respite for Nigerians as NNPC says cause of fuel scarcity has been resolved
Again, JAMB extends Direct Entry registration, says 2024 UTME best in history
Lagos residents need real empowerment, not your food packs, LP tells Sanwo-Olu
Ikoyi prison controller in trouble for disobeying court order on convict's whereabouts
How non-communicable diseases kill most productive population – WHO expert
Sanwo-Olu says taxation system will eliminate the shackles of corruption
FG begins demolition for first 3km of Lagos-Calabar Coastal Highway Saturday
ADVERTISEMENT