Cairo – Mubasher: Orascom Hotels and Development turned to losses at the third quarter of 2016.
The company suffered losses of EGP 46,000 million at Q3 – 2016, against profits of EGP 115.4 million for the same period a year earlier.
As for the first nine months of 2016, the company reported losses of EGP 181.78 million, against profits of EGP 270.13 million for the comparable period a year earlier.
