Mobinil reports 1Q results

8 May 2008

The Egyptian Company for Mobile Services (Mobinil) has announced its first quarter results which show a 52% year-on-year increase in subscribers to 16.16 million. In the first three months of 2008, Mobinil added 1.044 million customers to its base, helping revenues to climb 27% to EGP2.25 billion. EBITDA rose by 18% to EGP1.04 billion, reflecting an EBITDA margin of 44.5%. Net income increased by 14% to EGP451 million while CAPEX was EGP523 million.

Egypt, Orange Egypt