Telecom Egypt results, Q2 2023
Net profit, assets, equity and cash flow for Q2 2023, against the same period a year earlier, from the published financial statements.
Net profit11.47 billionEGP · +24.9% vs the same period a year earlier
Total assets151 billionEGP · +25.6% vs the same period a year earlier
Shareholders' equity50.88 billionEGP · +10.0% vs the same period a year earlier
Operating cash flow16.94 billionEGP · +16.1% vs the same period a year earlier
In short
- Telecom Egypt's net profit for Q2 2023 was about 11.47 billion EGP, up +24.9% from 9.18 billion EGP in Q2 2022.
- Total assets at the end of Q2 2023 were about 151 billion EGP, and shareholders' equity about 50.88 billion EGP.
- Operating cash flow for Q2 2023 was positive at 16.94 billion EGP.
Key lines against the same period a year earlier
This periodQ2 2022Change
Net profit11.47 billion9.18 billion+24.9%
Gross profit22.39 billion23.85 billion−6.1%
Total assets151 billion120 billion+25.6%
Total liabilities99.76 billion73.63 billion+35.5%
Shareholders' equity50.88 billion46.27 billion+10.0%
Total liabilities and equity151 billion120 billion+25.6%
Operating cash flow16.94 billion14.59 billion+16.1%
Investing cash flow-23.91 billion-17.63 billion−35.6%
Financing cash flow10.56 billion6.77 billion+55.9%
Net change in cash-1.28 million3.73 billion−100.0%
Figures in EGP from the published statement summaries (consolidated where the company publishes consolidated statements), after normalising reporting units across periods. The exact figure is in the attached report, which may be the standalone version. Figures are as shown in the published statement summary; quarterly figures may be cumulative from the start of the fiscal year.
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