Telecom Egypt Q1 net profit down 36 pct

CAIRO Tue May 13, 2014 2:45am EDT

CAIRO May 13 (Reuters) - Telecom Egypt on Tuesday reported a 36-percent fall in first-quarter net profit after taxes of 549 million Egyptian pounds ($77.82 million) on Tuesday.

The landline monopoly, in which the government owns an 80 percent stake, said revenues totaled 2.564 billion Egyptian pounds, down 5.6 percent.

($1 = 7.0550 Egyptian Pounds) (Reporting by Stephen Kalin; editing by Jason Neely)


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