Telecom Egypt dividend is an increase on the 0.75 pounds per share paid last year and comes despite an 11 percent decline in 2016 net profit. (Reuters)
Telecom Egypt will pay out a dividend of 1 Egyptian pound ($0.0556) per share on April 27, the state-owned landline monopoly said in a statement published by the Al-Akhbar newspaper.
The dividend is an increase on the 0.75 pounds per share paid last year and comes despite an 11 percent decline in 2016 net profit.
