Telecom Egypt To Announce H1/2012 Business Results By Aug 8th

Telecom Egypt (TE) (ETEL.CA) has announced Monday that it will submit the company’s consolidated and unconsolidated financial statements for the first half of 2012 by Wednesday August 8^th,2012 before the opening trading session of the Egyptian Exchange (EGX) and of London Stock Exchange (LSE).

In the meanwhile, TE’s consolidated business results for Q1/2012 have revealed that the company posted net profits of EGP 912.203 million, an increase of 1.7%. Noting that, it had posted during Q1/2011 net profits of EGP 896.726 million.

Worth mentioning, Telecom Egypt’s issued capital values at EGP 17.070 billion distributed to 1.707 billion securities in which the par value amounts to EGP 10 a share.