Telecom Egypt announced a net profit growth of 9% over the past year, recording nearly EGP 9.2 billion, compared to EGP 8.4 billion in 2021. The company added that this growth was supported by outstanding operational performance, and by neutralizing the impact of some exceptional items such as currency differences.
While the total collected revenues amounted to 44.3 billion pounds, achieving a growth of 19% during the previous year, compared to about 37 billion pounds during 2021.
The company’s board of directors proposed a dividend of 75 piasters per share.
