Orange Egypt turns a profit in Q1 buoyed by sales

French telecoms company Orange reported its first quarterly profits in Egypt in 12 months on Thursday, buoyed by 3.29 billion Egyptian pounds ($186.1 million) in consolidated sales.

Earlier, Orange’s sales in Egypt recorded 3.06 billion during the first quarter of 2017.

The company has turned this quarter to profit, posting a consolidated net profit after tax worth 15.9 million pounds versus loss of 300.6 million pounds in the same comparable period.