Telecom Egypt Announces Full Year 2007 Consolidated Results.

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M2 PRESSWIRE-13 March 2008-Telecom Egypt: Telecom Egypt Announces Full Year 2007 Consolidated Results(C)1994-2008 M2 COMMUNICATIONS LTD

RDATE:13032008

Cairo -- Telecom Egypt (TE) (Ticker: ETEL.CA; TEEG.LN), today announced its consolidated financial results for the full year ending 31 December, 2007. Financial statements have been prepared in accordance with Egyptian Accounting Standards.

Highlights for the period include:

Total consolidated revenues reached EGP 10 billion, an increase of 5% in comparison to 2006 EBITDA Before Provisions were EGP 5.4 billion, up 2.1% year-on-year EBITDA Margin Before Provisions of 54% Net Profit after Tax was EGP 2.5 billion, an increase of 4.4% in comparison to 2006 Earnings per share (EPS) were...