Egypt’s Orascom Telecom net profit plummets 76.4% in 2014

Egypt's Orascom Telecom saw net profit plummet 76.4 percent in 2014 to LE263.9 million (US$34.6 million), down from LE1.12 billion a year earlier, the company said on Wednesday.

The company posted revenues of LE2.698 billion for the year, up from LE2.443 billion in 2013, it said in a statement in Egypt's Al-Alam Al-Youm newspaper.

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