Mobinil Losses EGP 296.2 Mln – H1/13

The financial statements of the Egyptian Company for Mobinil Services (Mobinil)-(EMOB.CA), have revealed that Mobinil achieved EGP 296.2 million net loss during the first half of 2013 compared to EGP 46.9 million in 2012, with 530.4% loss increase.

The company has explained that the basic loss per share amounted at EGP 2.98 compared to EGP 0.47 within 2012, representing an increase of  534%.

The financial statements which not collected for the company in the same period, explained that Mobinil achieved EGP267.827 million net loss, compared to EGP 14.793 million in 2012, representing a loss increase of 1710.5%.

The volume revenues of the company reached EGP 5.259 billion in 2013,  compared to EGP 5.088 billion in 2012, with 3.4% increase.