The Clap
Telecom Egypt (ETEL) increased revenues by 17% in H1 2022, reaching EGP 20.4 billion.
The Deets
As per the company’s earnings release, the increase in revenues was driven by the increase in data, infrastructure, and capacity sales. The company saw a growth in customers across all segments, from data subscribers to mobile customers.
The increased revenues led to a 16% annual increase in profits, to reach EGP 3.8 billion.
Revenue Breakdown
Telecom Egypt’s revenue can be broken down into five segments.
The biggest segment, “home & consumer”, makes up more than half of revenues. The other four segments hold similar percentage contributions to total revenue.
TE records EGP 3.8 billion profit in H1 2022 🤑
