Vodafone Egypt increases its half-yearly profits to £ 7.2 billion

Vodafone Egypt recorded revenues in the first half of the fiscal year in course 2021/2022, which ended last September, amounted to approximately 16.3 billion pounds (861 million euros), compared to 13.8 billion in the corresponding period last year.

According to the results of the business of Vodafone, the Egyptian unit made a pre-interest and tax profit of £ 7.2 billion (€ 381 million) in the first half of the fiscal year in course 2021/2022, which ended last September, compared to 6.56 billion pounds. (348 million euros). EUR) in the same period last year.

Vodafone’s fiscal year begins in April of each year and ends in March of the following year. The ownership structure of Vodafone Egypt is divided between 55% of the British group Vodafone and 45% of the Telecom Egypt company.

she was Vodafone International Group announcedOn Wednesday, he agreed to transfer ownership of his 55% stake in Vodafone Egypt to its subsidiary Vodacom in South Africa, with an estimated value of 2.7 billion euros, with the agreement to be implemented by March 2022.

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