November 16, 2015 / 7:18 AM / 2 years ago

Telecom Egypt posts 360 percent jump in Q3 net profit

CAIRO, Nov 16 (Reuters) - Telecom Egypt, the country’s state-owned landline monopoly, posted a 360 percent jump in its third quarter net profit, the company said in a statement on Monday.

Telecom Egypt posted a profit of 1.2 billion Egyptian pounds ($153.26 million)in the three months ending September, compared with 262 million in the same period a year earlier. ($1 = 7.8300 Egyptian pounds) (Reporting by Asma Alsharif and Ehab Farouk; Editing by Ahmed Aboulenein)

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