Cairo – Mubasher: Egypt- South Africa for Communication (Egysacom) posted a 74% decline in 2015 profits, indicators of financial results showed.
The company’s profits after tax decreased to EGP510,400 in 2015 from EGP2 million a year earlier.
Moreover, Egysacom registered EGP12 million revenues in 2015, compared with EGP31.7 million for 2014.
In the first nine months of 2015, the company’s net profits fell to EGP343,800 from EGP2.57 million for the year-ago period.
