Q4 2016, Unexpected brutal crash
TE posted a very strong FY 2016 top line performance with revenues up by 16% to EGP14.133bn, boosted by a healthy 28.9% increase in Q4 2016 revenues, which were driven by a significant demand for data services, both in retail services and through domestic wholesale business. Overall, the wholesale services revenues (whose sales contribution reached 53% vs. 55% in 2015) recorded an increase by 11.7%, and were supported by, both, domestic and international wholesale services with an increase in revenues by 8.2% and 14.4%, respectively.
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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