{"id":597871,"date":"2019-05-07T03:31:34","date_gmt":"2019-05-07T03:31:34","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/07\/earnings-watch-global-telecom-1q-profits-rise-61-2-y-o-y\/"},"modified":"2019-05-07T03:31:34","modified_gmt":"2019-05-07T03:31:34","slug":"earnings-watch-global-telecom-1q-profits-rise-61-2-y-o-y","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/07\/earnings-watch-global-telecom-1q-profits-rise-61-2-y-o-y\/","title":{"rendered":"Earnings Watch: Global Telecom 1Q profits rise 61.2% y-o-y"},"content":{"rendered":"

EARNINGS WATCH- EGX-listed Global Telecom Holding (GTH) reported a net profit of USD 51 mn<\/b> in 1Q2019, up 61.2% y-o-y from USD 32 mn last year, the company said in a statement (pdf)<\/a>. Reported revenues fell 1.6% y-o-y to USD 688 mn, while organic revenues rose 12.8% y-o-y. Organic revenues only account for sales and output growth generated by the existing business, and excludes earnings from takeovers, disposals and mergers and acquisitions. CEO Vincenzo Nesci said the fall in reported revenues was due to \u201cadverse currency movements\u201d of the PKR against the USD. The growth of the company\u2019s customer base was maintained through the quarter, with total customers reaching 107.3 mn.<\/p>\n","protected":false},"excerpt":{"rendered":"

EARNINGS WATCH- EGX-listed Global Telecom Holding (GTH) reported a net profit of USD 51 mn in 1Q2019, up 61.2% y-o-y from USD 32 mn last year, the company said in a statement (pdf). Reported revenues fell 1.6% y-o-y to USD 688 mn, while organic revenues rose 12.8% y-o-y. Organic revenues only account for sales and […]<\/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":[8572],"tags":[214,72,9102,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-597871","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-cit","tag-enterpriseam","tag-global-telecom-holding","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"120847bd-25b1-470d-abe5-599138540b89","is_powered_by":true,"section_story_id":"f6546a18-7c70-461f-befc-760bf81069df","story_type":"1","photo_url":"","photo_position":"above","related_issue":[597859],"teaser":"","voice_url":""},"yoast_head":"\nEarnings Watch: Global Telecom 1Q profits rise 61.2% y-o-y - 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\/2019\/05\/07\/earnings-watch-global-telecom-1q-profits-rise-61-2-y-o-y\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Earnings Watch: Global Telecom 1Q profits rise 61.2% y-o-y\" \/>\n<meta property=\"og:description\" content=\"EARNINGS WATCH- EGX-listed Global Telecom Holding (GTH) reported a net profit of USD 51 mn in 1Q2019, up 61.2% y-o-y from USD 32 mn last year, the company said in a statement (pdf). 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The figure, excluding a one-off non-cash tax effect, shows a 112.5% y-o-y increase to USD 103.5 mn. 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Revenue growth was driven by strong operational performance in the fertilizers and petrochemicals segment, as well as healthy growth in the energy sector. Bottom line for\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":642534,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/16\/earnings-watch-efg-hermes-beltone-financial-otmt-orascom-development-egypt-te-domty\/","url_meta":{"origin":597871,"position":4},"title":"Earnings Watch: EFG Hermes, Beltone Financial, OTMT, Orascom Development Egypt, TE, Domty","author":"enterpriseam admin","date":"16 August 2017","format":false,"excerpt":"EARNINGS WATCH- EFG Hermes reported a net profit after tax and minority interest from continued operations of EGP 395 mn in 2Q2017, up 718% y-o-y. EFG Hermes said its operating revenues increased by 252% to cross the EGP 1 bn in 2Q2017. \u201cOur strategy to diversify our lines of business\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":652084,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/28\/earnings-watch-global-telecom-holding-bank-of-kuwait-egypt\/","url_meta":{"origin":597871,"position":5},"title":"Earnings watch: Global Telecom Holding, Bank of Kuwait-Egypt","author":"enterpriseam admin","date":"28 February 2017","format":false,"excerpt":"** Earnings watch: \u2018Tis the season, though we note that many companies plan to take advantage of the extension until mid-April to file 4Q\/FY2016 results. 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