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Orascom Investment losses reach EGP 92M ending Sept. 2019
01 Dec 2019 10:42 AM

ArabFinance: Orascom Investment Holding (OIH) announced in a statement sent to EGX, the audited financial results for the fiscal period starting January 1, 2019, and ending Sept. 30, 2019. 

The company incurred consolidated net losses of EGP 92.405 million, against posting net profits of EGP 1.070 billion in the same period a year ago, taking into account the minority rights.  

Moreover, it incurred standalone net losses of EGP 295.193 million, against posting net profits of EGP 175.10 million in the same period last year.