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Telecom Egypt has announced its financial results for the first quarter of the current year, reporting revenues of LE28.1 billion. This represents a significant increase of 38% compared to the same period last year.

The company attributed the rise in revenues to a total growth in its businesses, which saw a 75% increase in the reported quarter compared to the previous year. This growth is a positive sign for the company and reflects its strong performance in the market.

In addition to the rise in revenues, Telecom Egypt also reported impressive net profits. Before taxes and operation costs, net profits reached LE12 billion, marking a growth of 48% compared to the previous year’s report. Net profits for the quarter stood at 6.7 billion, showing a remarkable growth of 67% compared to the same period last year.

These financial results highlight Telecom Egypt’s successful strategies and strong market position. As one of the leading telecommunications companies in the country, the company continues to attract customers and generate significant revenue growth.

The strong performance in the first quarter is an encouraging sign for Telecom Egypt as it reflects its ability to adapt to market changes and deliver positive financial results. With continuous investments in infrastructure and services, Telecom Egypt aims to maintain its position as a key player in the telecommunications industry in Egypt.

Overall, Telecom Egypt’s first-quarter financial results demonstrate its strong performance and position in the market, with substantial revenue and profit growth.

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