Telecom Egypt Q2 net profit jumps on Vodafone dividend

(Telecompaper) Telecom Egypt (TE) reported a 175 percent increase in net profit to EGP 1.04 billion for the second quarter ended 30 June from EGP 378 million in the same period 2015. The operator attributed the growth to higher revenues, and an increase in income from investments, primarily attributable to Vodafone Egypt.