VOL. XLIV

No 43

22-October-2001

EGYPT

MobiNil Reports Flat 3Q ResultsDespite Subscriber Surge

Egyptian Company for MobileServices (MobiNil), Egypts leading GSM mobile telephone service provider andone of the countrys most actively-traded companies, has reported flat 3Qresults despite a strong increase in subscriber numbers. MobiNil reported a48.7% fall in net profit to E40.5mn($9.5mn) and a 2.8% rise in earnings before interest, tax, depreciation andamortization (EBITDA) to E247.4mn($58.1mn)....