Mobinil Customers Reach 32.3 mln in 2012

The number of subscribers in Mobinil, the Egyptian Company for Mobile Services, amounted to 32.3 million ones by the end of June 2012, compared to 30.5 million subscribers last year; hiked by 6.1%, according to the company’s consolidated financial statements.

The company’s net losses in H1 of 2012 are EGP 46.987 million, dived by 45.2%; compared to EGP 85.749 million net losses last year.

The operating incomes, during H1 of 2012, rose to EGP 5.088 billion; compared to EGP 5.047 billion last year.

Meanwhile, the operating net profits declined to EGP 347.082 million, compared to EGP 628.532 million in Hi of 2011.

The non-consolidated financial statements of H1, 2012 revealed that the net losses reached EGP 14.793 million, compared to EGP 43.884 million in H1 of 2011.

The company’s capital is EGP 1 billion, distributed on 100 million shares; with EGP 10 per share.