Telecom Egypt earned a second-quarter profit after tax of 378 million Egyptian pounds ($48.28 million), up 55 percent from 243 million a year earlier, the country's landline monopoly said in a statement on Monday.
Earnings advanced despite revenue falling to 3.025 billion pounds from 3.868 billion, it said, as non-recurring revenue bolstered its year-ago performance.
The board of the state-owned company appointed a new chairman and chief executive officer in May amid questions over whether the company would pursue mobile services to compete against Vodafone Egypt, Etisalat and Mobinil.
The telecoms minister said in July that the firm, in which the Egyptian government owns an 80 percent stake, is expected to acquire a 4G mobile licence in 2016.
