Egypt’s OTMT Standalone Net Profit Hits EGP 6.307 Mln

Orascom Telecom Media And Technology Holding SAE (OTMT.CA) has announced its standalone financial statements reporting a net profit of EGP 6.307 million for the fiscal year of 2012 that ended on December 31st, 2012.

OTMT’s profit before excluding interests, taxes, depreciation and amortization have hit EGP 5.537 million.

Technical support and dividends revenues have reached EGP 3.158.

OTMT’s consolidated business results from the period of November 29, 2011 (since inception) till September 30, 2012 have revealed a net profit of EGP 1.622 billion; while the standalone results for the same period have shown a net profit of EGP 4.517 billion.

OTMT owns investments and operates subsidiaries in Egypt, North Korea, Pakistan, Lebanon and other countries in MENA region.