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Egypt's Orascom TMT Q2 profit down 22.7 percent

Orascom’s profit fell 22.7 percent in the second quarter to 351.68 million Egyptian pounds

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Egypt's Orascom Telecom Media and Technology Holding said on Thursday its profit fell 22.7 percent in the second quarter to 351.68 million Egyptian pounds ($49.19 million).

The results came in a statement published in Egyptian newspapers.

(1 U.S. dollar = 7.1500 Egyptian pound)