Sunday, May 13, 2012

Orascom Telecom Q1 net profit seen at $45 mln

By Shaimaa Fayed
CAIRO, May 13 (Reuters) - Orascom Telecom (OT) is
expected to post a first-quarter net profit of $45 million on
Monday, following a net loss in the fourth quarter of 2011 when
it was weighed down by currency losses and impairment charges,
according to analysts.
The Egypt-based company, which has operations in Algeria,
Pakistan, Bangladesh and Canada, should post a profit for the
quarter in the absence of major currency effects, along with
flat revenue quarter-on-quart

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