Cairo – Mubasher: Global Telecom Holding reported a decline of 86% in net profits for the fourth quarter of 2015.
The telecom company’s net profits reached $21.8 million in Q4-2015, down from $150.7 million for the same period of 2014.
In the same vein, the firm said it turned to profitability in 2015 as it posted net profits of $8 million against losses of $443.8 million in the previous year.
