Etisalat Egypt net profit up to EGP 1.8 bn in 9M2017

EARNINGS WATCH- Etisalat Misr reported net profit of EGP 1.8 bn up for 9M2017, up from EGP 1.3 bn for the same period last year, according to a filing to the Abu Dhabi Exchange. Revenues for the quarter rose 13% y-o-y to EGP 8.3 bn during the period. Variances from last year are largely due to the EGP float while growth for the quarter came on the back of new pricing for scratch cards.