US EditionCellcom Increases Its Profits by 18, but the Absorption of Losses Will Still Wait
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Cellcom issued its 2024 financial statements, reporting a net profit of 0.851 MTND, a jump from the 0.046 MTND recorded in fiscal year 2023. The improvement came from significantly higher revenues, ending in the year at 62.538 MTND, up 17.9% year-on-year. The gross margin was 6.593 MTND at the end of 2024 compared to 5.346 MTND the previous year. The margin rate even increased 46 basis points to 10.54%. Larger sales were not accompanied by an ag…
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