2015, Good bottom line performance
TE posted a flat 2015 top line performance. Indeed, 2015 revenues recorded a slight decrease by 0.2% to EGP12.184bn, due to the crash in the Wholesale Business Unit, partially offset by a healthy increase in retail services (-2.4% expected by AlphaMena). Overall, wholesale services revenues (whose sales contribution reached 55%) recorded a drop by 6.1%, negatively impacted by a severe 41.5% drop in revenues from the International Customers & Networks Unit.
AlphaMena is the MENA stocks leader in independent equity research, covering 142. MENA securities spanning across 19 sectors and 8 countries relaying on a team of 11 analysts. The breadth of coverage allows AlphaMena to formulate a coherent view on markets, sectors and to highlight the best investments in Mena zone using a robust homogeneous and transparent methodology, enabling pure and pertinent comparisons based on financial and extra-financial criteria.
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