Excellent start to the year
TE posted a very strong Q1 2017 top line performance with revenues up by 36.7% to EGP4.191bn, driven by the strong demand for data services in the Retail segment and strong Domestic Wholesale demand and the realised effect of the currency flotation of the Egyptian pound on the diversified segments of the Wholesale lines of business that are hard currency intensive. Overall, the wholesale services’ revenues (whose sales contribution reached 56.6% vs.
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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