Cairo – Mubasher: Beltone Financial Holding registered EGP 1.77 million losses in the third quarter of 2016, lower 70% year-on-year from EGP 5.99 million, a bourse filing revealed in line with the consolidated results.

During the first nine months, net profits declined 49% year-over-year to EGP 2.4 million from EGP 4.7 million.

The standalone results showed that net profits for the nine-month period reached EGP 3.98 million, compared with EGP 3.68 million for the year-ago period.

Earlier, the B o D of Orascom Telecom decided to increase Beltone's free float rate within the 5-10% range.