Orascom Telecom reports quarterly profit
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Orascom Telecom reports quarterly profit

Orascom Telecom reports quarterly profit

Egypt's Orascom Telecom has said its second-quarter net profit has reached $27m, reversing a loss of $58m a year earlier when results were weighed down by tax charges from the sale of its Tunisian business, Reuters has reported. Earnings before interest, tax, depreciation and amortisation (EBITDA) stood at $469.8m, the company said, also revising down its year-earlier figure to $439m from $476m.

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