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Article: News in brief.
- Article from:
- Daily News Egypt (Egypt)
- Article date:
- August 26, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Orascom Telecom Q2 net up, markets still tough
Egypt's Orascom Telecom on Tuesday posted second-quarter net profit up 38 percent at $111.8 million, the lower end of forecasts, and said it saw "only timid signals" of economic recovery in its markets.
The regional Arab mobile operator said it had more than 84 million subscribers by the end of the quarter, compared with more than 80 million at the end of March.
Blended average revenue per user was $6.0 in the second quarter compared to $5.8 in the first quarter, on revenue of $1.281 billion.
Five analysts had forecast net profit in a range of $108 million to $165 million on revenue ...