amwalalghad :: Telecom Egypt Undecided On Dividend Distribution

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Telecom Egypt Undecided On Dividend Distribution


Published Monday, 14 May 2012 18:41 | Written by Amwal Al Ghad

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Telecom Egypt Co. (ETEL.CA) said while the local business environment was stabilising, it was too early to say whether it would pay an interim dividend.

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"For the time being we continue to operate in a turbulent environment so the first-quarter result is not the time to make a decision about distribution of dividends," chief financial officer Hassan Helmy told Reuters on Monday.

Telecom Egypt’s shares were down 0.62 percent closing at EGP 12.92.

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