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    Telecom Egypt says 2011 net declines 6.8 pct

    CAIRO, Feb 23 (Reuters) - Landline monopoly Telecom

    Egypt said on Thursday its 2011 net profit fell 6.8

    percent year on year to 2.93 billion Egyptian pounds.

    The company made a net profit of 3.14 billion pounds in

    2010.

    Revenue dipped 3.2 percent to 9.9 billion pounds. Earnings

    before interest, tax, depreciation and amortisation were 4.55

    billion pounds, down 2.4 percent from a year earlier, the

    company said in a statement.

    (Reporting by Sherine El Madany)

     

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