EGP 13bn total income of Vodafone Egypt in 2014

Vodafone Egypt achieved income of EGP 13bn last year, with a net profit of EGP 1.8bn, while the company’s revenues during the fourth quarter (Q4) of 2014 were at EGP 3.4bn. This represented an increase of 1% compared to the Q2 of the same year.

According to the company’s financial statements, Vodafone Egypt achieved net profit of EGP 513m in Q4 of 2014, compared to EGP 507m in Q3 of 2014, with a growth rate of 1.2%.

Vodafone Egypt was able to increase its net profits to EGP 1.849m during 2014, compared to 2013, while its revenues were at EGP 13.5bn in 2014.

In spite of its revenues and profits increase, the number of Vodafone Egypt’s clients significantly retreated last year. This was due to the deletion of unregistered clients and the regulations which the National Telecommunication Regulatory Authority (NTRA) put in place to control the selling and purchasing of mobile lines.