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MobiNil second quarter profits worth 10 million pounds
Egypt, Business, 7/23/1999
The volume of profits achieved by the Egyptian company for mobile phone services, MobiNil, amounted to 10 million pounds during the second quarter of this year.
CEO Osman Sultan announced that MobiNil's total revenues during the same period increased by 30% over those achieved in the first quarter of the current year.
He said the number of the company's clients reached 294,000 subscribers, an increase of 59,000 clients over the first quarter.
The backup channels amounted to 418 channels at the end of the second quarter to contain the company's expected 630,000 clients at the end of the current year.
Previous Stories:
A new loan for Mobinil of $570 million
(7/9/1999)
MobiNil to float financing bonds worth 340 million pounds
(5/14/1999)
Mobinil's shares break the 50 pound barrier
(5/5/1999)
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