Telecom Egypt announces a potential submarine cable investment opportunity and accordingly approves the amendment of its FY 2017 dividend proposal
27 March 2018
In light of an arising investment opportunity in the submarine cable industry that is expected to maximize the company’s returns from the cable business and ensure the continuation of the current revenue stream, the board of directors determined to reduce the earlier proposed dividend for FY 2017 to EGP 0.25 from EGP 1 per share.
Telecom Egypt reports double digit growth across its 2017 P&L
05 March 2018
Telecom Egypt announced today its full year results for 2017 reporting strong growth in revenue of 33% yoy. EBITDA grew 36% and net profit 18% yoy In addition, management proposed a dividend of EGP 1 per share in line with 2016