Mobinil Unaudited Standalone Losses Hit EGP 15 Mln; H1/2012

The Egyptian Company for Mobile Services  – Mobinil (EMOB.CA) Board of Directors endorsed unaudited consolidated and standalone financial statements for the first half of this year that ended on June 30, 2012.

Mobinil’s H1-12 standalone financial statements reported net loss of EGP 14.793 million, compared with EGP 43.885 million during H1/2011.

Meanwhile, the consolidated financial results for the same six-month period indicated posting net loss of EGP 46.988 million, compared with EGP 85.749 million in H1/2011.