MobiNil Q2 profit doubles

16 Aug 2005

Egyptian mobile operator MobiNil (also known as the Egyptian Company for Mobile Services) has reported a net profit of EGP421.3 million (USD73 million) for the three months to the end of June, up from EGP207.2 million a year earlier. EBITDA rose to EGP691.2 million for the second quarter, up from EGP544.6 million at the same time the previous year. MobiNil said it had 5.165 million active subscribers at the end of June, up from 4.430 million three months earlier.

Egypt, Orange Egypt