Telecom Egypt says 2015 net profit surges to 2.999bn Egyptian pounds

Telecom Egypt, the state’s landline monopoly, Telecom Egypt posted on Monday a 2015 net profit of 2.999 billion Egyptian pounds ($383.01 million), up from 1.419 billion pounds the previous year.

Revenues had reached 12.184 billion pounds last year, up from 12.157 billion the previous year.