Cairo – Mubasher: Orascom Development Holding (ODH) trimmed its losses by 61% in the first quarter of 2017 as compared to the same period of 2016, according to the company’s consolidated financial results.
The company suffered losses of 12.4 million Swiss francs in the three-month period ended 31 March 2017, compared to 31.8 million Swiss francs in the same period of 2016.
Revenues declined to 52.5 million Swiss francs in Q1-17, while sales reached 61.18 million Swiss francs.
Sales costs declined to 45.46 million Swiss francs in Q1-17, compared to 57.68 million Swiss francs in Q1-16.
