Earnings Report /
Egypt

Orascom Development Egypt: 3Q21 – another fantastic quarter in a fantastic year

  • Real estate sales in 3Q21 grew 50.3% y/y and 16.5% q/q to EGP2.2 billion

  • Hotel revenue in 3Q21 rose 169.1% y/y and 68.2% q/q to EGP269.9 million

  • Net profit in 3Q21 surged 167.0% y/y and 56.8% q/q to EGP434.7 million

Al Ahly Pharos Securities Brokerage
15 November 2021