Mobinil Says 9-Month Consolidated Loss Hit EGP 93 Mln

The Egyptian Company for Mobile Services – Mobinil – (EMOB.CA) announced on Wednesday its nine-month consolidated financial statements for the current year which revealed a net loss of EGP 93 million, compared to EGP 76 million a year earlier.

Mobinil’s total long-term assets fell to EGP 13 billion during the first nine months of 2012, opposed to EGP 14 billion a year earlier; while the total current assets hiked to EGP 2.8 billion, compared to y-o-y EGP 2.7 billion.

Meanwhile, Mobinil reported a standalone net loss of EGP 49 million for the first nine months of 2012, compared to EGP 3.253 million.