{"id":560360,"date":"2021-02-24T04:10:46","date_gmt":"2021-02-24T04:10:46","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/24\/telecom-egypt-sees-10-y-o-y-income-growth-in-2020\/"},"modified":"2021-02-24T04:10:46","modified_gmt":"2021-02-24T04:10:46","slug":"telecom-egypt-sees-10-y-o-y-income-growth-in-2020","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/24\/telecom-egypt-sees-10-y-o-y-income-growth-in-2020\/","title":{"rendered":"Telecom Egypt sees 10% y-o-y income growth in 2020"},"content":{"rendered":"

State-owned Telecom Egypt recorded EGP 4.9 bn in net income in 2020<\/strong>, up 10% y-o-y and marking the landline monopoly\u2019s largest bottom line to date, the company said in its earnings release (pdf)<\/a>. Consolidated revenue grew 24% y-o-y, reaching EGP 31.9 bn, off the back of a 39% increase in data revenues and a doubling of cable projects revenue.<\/p>\n","protected":false},"excerpt":{"rendered":"

State-owned Telecom Egypt recorded EGP 4.9 bn in net income in 2020, up 10% y-o-y and marking the landline monopoly\u2019s largest bottom line to date, the company said in its earnings release (pdf). Consolidated revenue grew 24% y-o-y, reaching EGP 31.9 bn, off the back of a 39% increase in data revenues and a doubling […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7208],"tags":[409,72,212],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-560360","post","type-post","status-publish","format-standard","hentry","category-earnings-watch","tag-earnings-watch","tag-enterpriseam","tag-telecom-egypt","wpautop","entry"],"acf":{"mongo_id":"3ef0eb01-a5bd-4472-8c0b-f8616fb71904","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[560339],"teaser":"","voice_url":""},"yoast_head":"\nTelecom Egypt sees 10% y-o-y income growth in 2020 - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/24\/telecom-egypt-sees-10-y-o-y-income-growth-in-2020\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Telecom Egypt sees 10% y-o-y income growth in 2020\" \/>\n<meta property=\"og:description\" content=\"State-owned Telecom Egypt recorded EGP 4.9 bn in net income in 2020, up 10% y-o-y and marking the landline monopoly\u2019s largest bottom line to date, the company said in its earnings release (pdf). Consolidated revenue grew 24% y-o-y, reaching EGP 31.9 bn, off the back of a 39% increase in data revenues and a doubling […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/24\/telecom-egypt-sees-10-y-o-y-income-growth-in-2020\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2021-02-24T04:10:46+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/24\/telecom-egypt-sees-10-y-o-y-income-growth-in-2020\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/24\/telecom-egypt-sees-10-y-o-y-income-growth-in-2020\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Telecom Egypt sees 10% y-o-y income growth in 2020\",\"datePublished\":\"2021-02-24T04:10:46+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/24\/telecom-egypt-sees-10-y-o-y-income-growth-in-2020\/\"},\"wordCount\":61,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"earnings watch\",\"EnterpriseAM\",\"Telecom Egypt\"],\"articleSection\":[\"EARNINGS WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/24\/telecom-egypt-sees-10-y-o-y-income-growth-in-2020\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/24\/telecom-egypt-sees-10-y-o-y-income-growth-in-2020\/\",\"name\":\"Telecom Egypt sees 10% y-o-y income growth in 2020 - 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Revenues for the quarter doubled y-o-y to EGP 1 bn as net contracted\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":583532,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/03\/06\/earnings-watch-telecom-egypt-reports-2022-results\/","url_meta":{"origin":560360,"position":2},"title":"Earnings watch: Telecom Egypt reports 2022 results","author":"enterpriseam admin","date":"6 March 2023","format":false,"excerpt":"EARNINGS WATCH-State-owned telecoms firm Telecom Egypt\u2019s net income grew 9% y-o-y to EGP 9.2 bn in 2022, according to the company\u2019s earnings release (pdf). The firm reported EGP 44.3 bn in revenues during the year, rising 19% y-o-y. 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The telecom company\u2019s normalized net income \u2014 which excludes Vodafone Egypt\u2019s one-offs, the effect of the rising FX rate, provisions, and impairments \u2014 came in at EGP 1.7 bn, staying\u2026","rel":"","context":"In "GO WITH THE FLOW"","block_context":{"text":"GO WITH THE FLOW","link":"https:\/\/enterpriseam.com\/egypt\/category\/go-with-the-flow\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":545102,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/03\/earnings-watch-telecom-egypt-ezz-steel\/","url_meta":{"origin":560360,"position":4},"title":"Earnings watch: Telecom Egypt, Ezz Steel","author":"enterpriseam admin","date":"3 March 2022","format":false,"excerpt":"EARNINGS WATCH- Telecom Egypt recorded a net income of EGP 8.4 bn in FY2021, up 75% y-o-y, according to the company\u2019s financials (pdf) out today. 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