CAIRO: Telecom Egypt posted on Monday a 2015 net profit of 2.999 billion Egyptian pounds ($383.01 million), up from 1.419 billion pounds the previous year.

The majority government-owned telecom company said in an announcement in major newspapers that its revenues had reached 12.184 billion pounds last year, up from 12.157 billion the previous year. ($1 = 7.8300 Egyptian pounds)