Orascom Dev. consolidated profits decline 88% in 9 months

Cairo - Mubasher: Orascom Development Holding posted a decrease of 88% in net profits for the nine-month period ended 30 September 2015, according to its consolidated financial statements.

The company's profits stood at EGP 32.7 million for this nine-month period, down from EGP 270.2 million a year earlier.

Meanwhile, the company recorded revenues of EGP 2 billion in this nine-month period, up from EGP 1.4 million in the same period of last year.

Mubasher Contribution Time: 19-Nov-2015 08:20 (GMT)