April 12, 2017 / 6:55 AM / 4 months ago

Telecom Egypt to pay 1 Egyptian pound per share dividend on April 27

CAIRO, April 12 (Reuters) - Telecom Egypt will pay out a dividend of 1 Egyptian pound ($0.0556) per share on April 27, the state-owned landline monopoly said in a statement published by the Al-Akhbar newspaper.

The dividend is an increase on the 0.75 pounds per share paid last year and comes despite an 11 percent decline in 2016 net profit. ($1 = 18.0000 Egyptian pounds) (Reporting by Ehab Farouk; Writing by Eric Knecht; Editing by Louise Heavens)

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