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Egypt's OTMT net profit 1.62 bln from Nov 29, 2011 to end-Sept 2012

Published: 13 Nov 2012 - 11:52 am | Last Updated: 07 Feb 2022 - 12:47 am

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)