Earnings Report /
Egypt

OIH: Bottom line still in the red despite top line growth; Equalweight

  • Solid top line growth, driven by increased revenues from Pakistani Cables and Brazilian investment

  • Margins shrank despite strong top line growth; Bottom line still in the red on the back of higher non-direct expenses

  • Weak performance sustained; maintain Equalweight

Bassma Bakry
Al Ahly Pharos Securities Brokerage
13 September 2021