CAIRO, March 13 The board of Telecom Egypt
has recommended a dividend of 1 Egyptian pound
($0.0560) per share for 2016, up from 0.75 pounds a year ago, a
company official told Reuters on Monday.
The firm posted a net profit of 2.672 billion Egyptian
pounds ($151.4 million) in 2016 versus 2.999 billion pounds a
year earlier, the company said in a statement in local
newspapers on Monday.
Revenue in 2016 rose to 14.133 billion pounds from 12.184
billion a year earlier
($1 = 17.8500 Egyptian pounds)
(Reporting by Ehab Farouk; Writing by Asma Alsharif; Editing by