CAIRO, March 13 Egypt's Orascom Telecom Media
and Technology Holding said on Thursday its 2013
profit after tax dropped by 69.5 percent compared with a year
earlier to 1.12 billion Egyptian pounds ($161 million).
OTMT also said that in 2012 it sold 29 percent of Egyptian
mobile service provider Mobinil to France Telecom
for 202.50 pounds per share. It kept 5 percent of
Mobinil shares and France Telecom holds about 94 percent.
The 2013 results came in a statement published in financial
newspaper Al-Mal. OTMT's shares closed at 1.51 pounds on
Wednesday, putting its market cap at 7.92 billion pounds.
($1 = 6.9603 Egyptian Pounds)
(Reporting by Shadia Nasralla and Ehab Farouk; Editing by