Ramsco's Women Empowerment Initiative Recognized Among Top BRICS Businesswomen Practices for 2025    Egypt, Elsewedy review progress on Ain Sokhna phosphate complex    Gold prices end July with modest gains    Pakistan says successfully concluded 'landmark trade deal' with US    Egypt's FM, US envoy discuss Gaza ceasefire, Iran nuclear talks    Modon Holding posts AED 2.1bn net profit in H1 2025    Egypt's Electricity Ministry says new power cable for Giza area operational    Egypt's Al-Sisi, Italian defence minister discuss Gaza, security cooperation    Egypt's FM discusses Gaza, Nile dam with US senators    Aid airdrops intensify as famine deepens in Gaza amid mounting international criticism    Health minister showcases AI's impact on healthcare at Huawei Cloud Summit    On anti-trafficking day, Egypt's PM calls fight a 'moral and humanitarian duty'    Federal Reserve maintains interest rates    Egypt strengthens healthcare partnerships to enhance maternity, multiple sclerosis, and stroke care    Egypt keeps Gaza aid flowing, total tops 533,000 tons: minister    Indian Embassy to launch cultural festival in Assiut, film fest in Cairo    Egyptian aid convoy heads toward Gaza as humanitarian crisis deepens    Culture minister launches national plan to revive film industry, modernise cinematic assets    Rafah Crossing 'never been closed for one day' from Egypt: PM    I won't trade my identity to please market: Douzi    Two militants killed in foiled plot to revive 'Hasm' operations: Interior ministry    Egypt's EHA, Huawei discuss enhanced digital health    Egypt, Oman discuss environmental cooperation    Egypt's EDA explores pharma cooperation with Belarus    Foreign, housing ministers discuss Egypt's role in African development push    Egypt reveals heritage e-training portal    Three ancient rock-cut tombs discovered in Aswan    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Egypt's Irrigation Minister urges scientific cooperation to tackle water scarcity    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Vodafone Egypt's revenue increase by €116m in six months
The revenues of Vodafone Egypt in the second quarter (Q2) increased by €43m, to record €356m, compared to €313m in Q1 FY 2019-2020.
Published in Daily News Egypt on 02 - 02 - 2020

Vodafone Egypt achieved revenues worth EGP 12.9bn, equivalent to €694m, during the first half (H1) of the current fiscal year (FY), an increase of €116m H2 of last FY.
The FY for Vodafone International begins on 1 April and ends 31 March, with H1 of FY 2019-2020 spanning from April 2019 to September 2019.
The revenues of Vodafone Egypt in the second quarter (Q2) increased by €43m, to record €356m, compared to €313m in Q1 FY 2019-2020.
According to the results of Vodafone International Group, Vodafone Egypt garnered adjusted operating profit of EGP 4.3bn, equivalent to €233m during H2 FY 2019-2020, compared to €181m in H2 FY 2018-2019.
And Vodafone Global considered the EGP to euro exchange rate EGP 18.7 per euro during the H1 FY 2019-2020.
The Saudi Telecom Company (STC) announced Wednesday its agreement to purchase Vodafone International Group's stake in Vodafone Egypt, which operates in the field of mobile services, for $ 2.4bn.
Vodafone International owns 55% of Vodafone Egypt, while Telecom Egypt (TE), which represents the Egyptian government, has the remaining 45%.
According to the parent company's business results, Vodafone Egypt is seventh in terms of revenue coming right behind Turkey and before both Portugal and Greece.
Vodafone Egypt had about 39.8 million customers by the end of H1 FY 2019-220, of whom 10% are billed customers, and the rest are prepaid customers, compared to 39.3 million customers in H2 FY 2018-2019, recording a 500,000 customer increase.
The number of fixed internet customers with Vodafone Egypt was 605,000 in H1 FY 2019-2020, compared to 567,000 customers in H2 FY 2018-2019.


Clic here to read the story from its source.