Cairo – Mubasher: Orascom Hotels and Development’s stock reached its highest level since 21 months (30 August 2015) in Wednesday’s mid trading, after announcing its financial statements for the first quarter of fiscal year 2017.
By 11:36 am Cairo time, the stock rose 9.9% to EGP 9.11, with a turnover of EGP 10.7 million.
The company posted on Tuesday a consolidated net profit of EGP 76 million for Q1-17, against losses worth EGP 118 million for Q1-16.
