Mobinil FY2015 earnings reach EGP50 million versus a loss of EGP358 million last year
Mobinil released its FY2015 results, with earnings of EGP50 million versus a loss of EGP358 million last year. Revenues totaled EGP10,769 million, up 5% Y-o-Y, while gross profit grew 8% Y-o-Y to EGP8,410 million and implies a GPM of 78% versus 76% last year. In other news, the company is set to rebrand to Orange next month. (Company disclosure, Al Masry Al Youm)
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