Egypt's Orascom TMT Q2 profit down 22.7 percent

CAIRO Thu Aug 14, 2014 1:53am EDT

CAIRO Aug 14 (Reuters) - Egypt's Orascom Telecom Media and Technology Holding said on Thursday its profit fell 22.7 percent in the second quarter to 351.68 million Egyptian pounds ($49.19 million).

The results came in a statement published in Egyptian newspapers.

(1 US dollar = 7.1500 Egyptian pound) (Reporting By Maggie Fick)