MobiNil profits up 21% in 1Q

25 Apr 2006

The Egyptian Company for Mobile Services (ECMS), which offers services under the brand name MobiNil, has reported a 21% hike in net profit for the first quarter of 2006, up to EGP311 million (USD54 million), on the back of a 14% rise in revenues to EGP1.4 billion. EBITDA rose 11% to EGP702 million. MobiNil launched EDGE services during the quarter and introduced Egypt’s first pre-paid call plan offering per-second billing. It ended March with 6.965 million mobile subscribers.

Egypt, Orange Egypt