Telecom Egypt Reports 452 Mln EG Pound Profit In Q4

Landline monopoly Telecom Egypt reported on Monday a 452 million Egyptian pound ($66.91 million) net profit in the fourth quarter and a 2.61 billion pound net profit for the 2012 full year, down 12.8 percent from 2011.

The company, which is banking on data services to offset lower fixed line income, also reported a 37.1 percent margin in its 2012 earnings before interest, taxes, depreciation and amortization (EBITDA), versus 46.7 percent in 2011. ($1 = 6.7558 Egyptian pounds)