Egypt's Orascom TMT says first-quarter profit fell 38 pct

Thu May 15, 2014 4:39am EDT

May 15 (Reuters) - Egypt's Orascom Telecom Media and Technology Holding said post-tax profit for the first quarter of 2014 had dropped 38 percent to 324.3 million Egyptian pounds ($45.64 million).

That compared with 525.3 million Egyptian pounds in the same period last year, the company said in a stock exchange filing. ($1 = 7.1050 Egyptian Pounds) (Reporting By Stephen Kalin; Editing by David Goodman)

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