Mobinil Says Q3 Net Loss 23.6% Up

The Egyptian Company for Mobile Services – Mobinil – (EMOB.CA) reported on Wednesday a net loss of EGP 94 million during the third quarter of 2012, an increase of 23.6% as it had hit a net loss of EGP 76.039 million a year earlier.

Moreover, Mobinil’s standalone net loss after tax has reached EGP 49.865 million for Q3/2012, compared to EGP 3.254 million during Q3/2011.

Mobinil’s revenues hiked to EGP 7.362 billion during Q3/2012, compared to EGP 7.343 billion a year earlier. The Gross profit has hit EGP 5.499 billion for Q3/2012, opposed to EGP 5.604 for Q3/2011.