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Telecom Egypt Q3 net profit drops 21pc

Published November 14, 2011 Updated November 14, 2011 06:51am
1 min
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By Shoaib Ur Rehman
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The company, which is banking on data services to offset lower fixed-line income, said its net income fell to 622.7 million Egyptian pounds ($104.2 million) from 789.8 million in the same period a year earlier.

Operating revenues fell 9.7 percent to 2.35 billion pounds.

Copyright Reuters, 2011

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