Mobinil: Q1 Net Loss 11% up

Egyptian mobile operator Mobinil netted losses worth EGP 163.8 million for the first quarter of 2014, a 11.6% increase year-on-year.

The board of the Egyptian Company for Mobile Services – Mobinil (EMOB.CA) ratified on Sunday its financial statements for first quarter of 2014, which ended on March 13, 2014.