CAIRO: Egypt's Orascom Telecom Media and Technology (OTMT) made a net profit of 1.62 billion Egyptian pounds ($266 million) in the period from Nov. 29, 2011 till Sept. 30, 2012, the stock exchange said on Tuesday.
OTMT was formed in November 2011 from assets controlled by Egyptian businessman Naguib Sawiris after he sold most of his global telecom interests to Russia's Vimpelcom. (Reuters)