Global Telecom Holding turned into loss during the first nine months of 2018 by $345.1 million, compared to a profit of $56.8 million during the same period of 2017. <\/p>\n
The company clarified in a filing to the Egyptian Exchange (EGX) that it accomplished total revenues of $2.13 billion during the aforementioned period of 2018, compared to $2.29 billion during the same period of 2017. <\/p>\n
As per standalone results, Global Telecom deepened its loss during the January to September period to $338.7 million, compared to a loss of $84.5 million during the same period of 2017. <\/p>\n
During the third quarter of 2018, the consolidated results recorded a loss of $357.6 million, compared to a profit of $20.5 million in 2017. <\/p>\n
The standalone results of the third quarter revealed a loss of $751.8 million, compared to $25.1 million during the same quarter of 2017. <\/p>\n
The share of the company on EGX reacted with the results, recording a regression of 1.27 percent to LE 3.11 at 10:45 a.m. (CLT) after trading on 6.2 million shares with a turnover of LE 19.33 million. <\/p>\n
During the first half of 2018, the company recorded a consolidated profit of $12.5 million, compared to $36.3 million during the same period of 2017, including the minority rights, with a decline of 65.56 percent. <\/p>\n
Global Telecom operates within the telecommunication services sector, focusing on wireless telecommunication services. <\/p>\n
It has 116 subsidiaries operating across Southern and Central Asia, North America, British Islands, Western Europe, Northern Africa, Eastern Africa, Middle East and Southern Europe. <\/p>\n
Egypt Today <\/p>\n","protected":false},"excerpt":{"rendered":"
Global Telecom Holding turned into loss during the first nine months of 2018 by $345.1 million, compared to a profit of $56.8 million during the same period of 2017. The company clarified in a filing to the Egyptian Exchange (EGX) that it accomplished total revenues of $2.13 billion during the aforementioned period of 2018, compared […]<\/p>\n","protected":false},"author":40,"featured_media":114066,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7863],"tags":[43731,42272,2484,43730],"class_list":["post-114065","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-english-section","tag-clt","tag-egx","tag-egypt","tag-global-telecom"],"yoast_head":"\n