Monday, Oct 29, 2012
(This story was originally published Wednesday.)
BEIRUT (Zawya Dow Jones)--Egyptian Co. for Mobile Services (EMOB.CI) said Wednesday its loss in the first nine months of the year widened to 94 million Egyptian pounds ($15.4 million), from EGP76.04 million a year earlier.
Nine-month losses per share were EGP0.94, up from EGP0.77 in the same period of 2011, Mobinil said in a statement posted on the Egyptian Exchange website. Nine-month total revenue however inched up 1.2% on year to EGP7.74 billion.
Mobinil, in which France Telecom is a major shareholder, swung to a loss of EGP47 million in the third quarter from a net profit of EGP9.72 million a year earlier, according to Zawya Dow Jones calculations.
Mobinil shares closed 1.2% higher at EGP154.55 Wednesday.
Write to Shikrallah Nakhoul at shikrallah@zawya.com
Copyright (c) 2012 Dow Jones & Co.
(END) Dow Jones Newswires
29-10-12 0456GMT
