Telecom Egypt results, Q2 2024
Net profit, assets, equity and cash flow for Q2 2024, against the same period a year earlier, from the published financial statements.
Net profit10.1 billionEGP · −11.9% vs the same period a year earlier
Total assets198 billionEGP · +31.4% vs the same period a year earlier
Shareholders' equity45.94 billionEGP · −9.7% vs the same period a year earlier
Operating cash flow21.52 billionEGP · +27.0% vs the same period a year earlier
In short
- Telecom Egypt's net profit for Q2 2024 was about 10.1 billion EGP, down −11.9% from 11.47 billion EGP in Q2 2023.
- Total assets at the end of Q2 2024 were about 198 billion EGP, and shareholders' equity about 45.94 billion EGP.
- Operating cash flow for Q2 2024 was positive at 21.52 billion EGP.
Key lines against the same period a year earlier
This periodQ2 2023Change
Net profit10.1 billion11.47 billion−11.9%
Gross profit8.31 billion22.39 billion−62.9%
Total assets198 billion151 billion+31.4%
Total liabilities152 billion99.76 billion+52.4%
Shareholders' equity45.94 billion50.88 billion−9.7%
Total liabilities and equity198 billion151 billion+31.4%
Operating cash flow21.52 billion16.94 billion+27.0%
Investing cash flow-31.55 billion-23.91 billion−31.9%
Financing cash flow6.92 billion10.56 billion−34.4%
Net change in cash-3.1 billion-1.28 million−242033.7%
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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