Telecom Egypt projects 2016 revenue growth of 7-9 pct

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CAIRO (Reuters) – Telecom Egypt, the country’s state-owned landline monopoly, expects revenue growth between 7 percent and 9 percent in 2016, it said on Tuesday.

The company projected a profit margin before interest, tax and depreciation of between 20 percent and 30 percent, it added in a statement to the Egyptian bourse.

 

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