Earnings Report /
Egypt

Orascom Development Egypt: Hotel revenues surge from hard-hit 2Q20 Level

  • Sales reached EGP1.9 billion, up 43.1% y/y and down 9.2% q/q.

  • Hotel revenue surged 1153.9% from exceptionally low 2Q20 level.

  • Net profit reached EGP277.3 million, up 230.5% y/y and down 32.2% q/q.

Al Ahly Pharos Securities Brokerage
16 August 2021