Orascom Development Egypt: A fantastic year of results

Mayar El Ashry

Vice President @ Al Ahly Pharos Securities Brokerage

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20 March 2022

• Real estate sales and hotel revenue increased in 4Q21 and FY21

• Net profit decreased in 4Q21 due to increase in provisions, bringing FY21 net profit to EGP1.2 billion, up 127.1% y/y

• Russian and Ukrainian tourists represented only 3.0% of ORHD’s foreign occupancy in FY21

Mayar El Ashry

Vice President @ Al Ahly Pharos Securities Brokerage

Follow

20 March 2022

20 March 2022

Published byAl Ahly Pharos Securities Brokerage

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