Cairo – Mubasher: Global Telecom’s consolidated net profit for the first quarter of fiscal year 2017 declined by 99% to $1.2 million, versus $87.5 million for Q1-16.
Consolidated revenues increased in Q1-17 to EGP 752.4 million from EGP 707.1 million for Q1-16, according to a bourse filing released on Thursday.
Standalone losses increased 62% to $48.2 million, compared to $29.8 million for Q1-16.
