Arab Today, arab today vodafone egypt sees h1 revenues stall but users climb
Last Updated : GMT 08:30:15
Arab Today, arab today
Arab Today, arab today

Vodafone Egypt sees H1 revenues stall but users climb

Arab Today, arab today

Arab Today, arab today Vodafone Egypt sees H1 revenues stall but users climb

Cairo - Arabstoday

The UK-listed telecoms giant reported better than expected net profits for its global operations of 6.68 billion pounds sterling (US$10.7 billion) for the six months ending 30 September. Group revenues rose 4.1 per cent to 23.52 billion pounds ($37.8m) in the reporting period. Financial results for Vodafone\'s Egypt operations suggested the impact of the country\'s January uprising on spending and tourism.   According to company figures, Vodafone Egypt saw 623 million pounds sterling ($1.001bn) in revenues between the start of April and the end of September 2011. Revenues were 691 million pounds ($1.11bn) for the same period in 2010. Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) also fell slightly to 271 million pounds sterling ($435.59m) from 323 million ($519.17m) last year. Adjusted operating profits, though still healthy, were down to 158 million pounds sterling ($235.99m), from 199 million ($320m) in 2010. There was more encouraging news when it came to Egyptian user numbers, with Vodafone saying it had added 1.575 million new customers between 1 July and 30 September. There are now 35.35 million Vodafone customers in Egypt, with 96 per cent of them using pre-paid accounts, according to company figures. Government data for July -- the latest available -- shows Egypt has 77.76 million mobile phone subscribers. Vodafone -- along with Egypt\'s two other mobile operators Etisalat and Mobinil -- was forced to shut down its services at the height of the country\'s protests against Hosni Mubarak\'s government on 28 January. Services were resumed the following day. Despite sluggishness in some of its global markets, Vodafone\'s overall results were significantly better than forecast, prompting the firm to move its outlook for full-year adjusted operating profit to the top end of its range. It now predicts full-year profits of upwards of 11.4 billion pounds compared with an earlier minimum forecast of 11 billion.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today vodafone egypt sees h1 revenues stall but users climb Arab Today, arab today vodafone egypt sees h1 revenues stall but users climb

 



Arab Today, arab today
Arab Today, arab today Jordan airline suggests flyers 'talk'

GMT 11:59 2017 Friday ,24 March

Jordan airline suggests flyers 'talk'
Arab Today, arab today 5 Crafty Must-Have Limited-Budget Ideas

GMT 17:03 2017 Saturday ,25 March

5 Crafty Must-Have Limited-Budget Ideas
Arab Today, arab today Rebel supporters flood Yemen streets

GMT 06:39 2017 Monday ,27 March

Rebel supporters flood Yemen streets
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Yemen children dream of school

GMT 07:25 2017 Friday ,24 March

Yemen children dream of school
Arab Today, arab today MP submits a petition to dismiss university head

GMT 06:21 2017 Friday ,24 March

MP submits a petition to dismiss university head
Arab Today, arab today Salvage of South Korea's Sewol ferry

GMT 04:51 2017 Friday ,24 March

Salvage of South Korea's Sewol ferry
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Audi RS 5 Coupe acquires new design

GMT 13:22 2017 Thursday ,23 March

Audi RS 5 Coupe acquires new design
Arab Today, arab today Renault Trezor wins design award

GMT 11:56 2017 Tuesday ,21 March

Renault Trezor wins design award
Arab Today, arab today Actress Mervat Amin reveals her role in new series
Arab Today, arab today 2017 already marked

GMT 15:25 2017 Tuesday ,21 March

2017 already marked

GMT 06:04 2017 Thursday ,23 March

Haifa Wahby bets on her new drama show

GMT 22:00 2017 Thursday ,23 March

Number of unwedded girls amounts to 2.5m

GMT 18:57 2017 Tuesday ,21 March

Accessories designer reveals her new collection

GMT 10:34 2017 Tuesday ,21 March

Mexico threatens to ditch US corn imports

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures

GMT 20:03 2017 Saturday ,25 March

Health expert warns from dust sensitivity

GMT 07:36 2017 Wednesday ,22 March

US, Britain ban laptops on flights

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 19:27 2017 Saturday ,11 March

Boualsof launches "Priestess Kahina" collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday