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Egypt's Orascom Telecom
ORSTF reported a net loss in the fourth quarter.
Orascom Telecom posted a quarterly loss of $468.9 million, versus a year-ago loss of $123.5 million. The company also posted a loss of $205.76 million in the full year, versus a year-ago profit of $660.35 million.
Orascom Telecom's quarterly revenue rose to $908.34 million, from 895.71 million. Its earnings before interest, tax, depreciation and amortisation climbed 23% to $425.50 million.
Its subscriber numbers increased 8.7% to 84.92 million in the quarter.
Orascom Telecom shares closed at $3.08 yesterday.
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