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Business

Telecom Egypt approves LE 1.30 cash dividend

DNE
Last updated: October 20, 2012 11:55 pm
DNE
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CAIRO: Shareholders in Telecom Egypt approved a LE 1.3 ($0.22) cash dividend at a meeting on Tuesday, the firm said in a statement.

The firm’s 2010 net profit soared by 8 percent to LE 3.3 billion.

Shares in the landline monopoly rose 3.2 percent while Egypt’s benchmark share index inched up 0.03 percent at 0916 GMT.

 

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