Earnings Report /
Egypt

OIH: Quarterly losses shrink on higher efficiency and top-line growth

  • Pakistani Cables stabilizes top-line sequentially and supports growth annually; No more Brazilian investment revenues

  • Bottom-line in the red, due to limited sequential topline growth, annual higher net finance costs and admin expenses

  • Upgrade to Overweight on upside potential; Release of a clear investment strategy is key to unlock upside

Bassma Bakry
Al Ahly Pharos Securities Brokerage
15 November 2021