Orascom Telecom net profits fall by 28% in Q3 as Mobilink’s revenues decline (Egypt)

Orascom Telecom, the Egyptian mobile operator, posts a net profit of $90.5 million for Q3’08, experiencing a fall of 28% since 2007, driven by a fall in revenues in its Pakistani operations.
“Most of our businesses, with the exception of Pakistan, continue to perform on target in terms of growth and profitability,” chairman Naguib Sawiris said in a statement. “In Pakistan the political, security, financial and economic conditions have been very difficult.”
ARPU for Mobilink Pakistan declined by 26% due to the depriciation in Pakistan Rupee against US Dollar.
The company posted $1.37 billion of revenues for Q3. The Egyptian operator ended the quarter with a subscriber base of 79 million, experiencing a rise of 22% since last year.
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