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Telecom Egypt to pay 1 Egyptian pound per share dividend on April 27

Published: Updated:

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.