Landline monopoly Telecom Egypt has clocked 16% growth in consolidated net profit at 789 million Egyptian pounds during second quarter.

According to the firm, its net profit margin stood at 29.5% on total consolidated revenue of 2.68 billion pounds.

The firm said it had 9.8 million fixed-line subscribers by end-June, a reduction of 1.88 million on a year earlier.

Company's average revenue per user (ARPU) jumped to 59.6 pounds per month versus 50.5 pounds in the second quarter of fiscal 2008.