Mobinil reports 2Q earnings

7 Aug 2007

The Egyptian Company for Mobile Services (Mobinil) has reported its results for the second quarter ended 30 June 2007 which show sales rose 37% year-on-year to EGP2.07 billion (USD370 million). EBITDA climbed 28.3% to EGP979 million while net income jumped 48.7% to EGP516 million. At the end of June the company claimed 11.9 million subscribers, up 1.2 million in the three month period. Average minutes of use reached 129 minutes, up 12% on the same period of 2006, while blended ARPU stood at EGP59, down EGP10 on 2Q 2006.

Egypt, Orange Egypt