Egypt

Orascom Development Egypt: Stable start to the year

  • Sales in 1Q22 reached EGP2.0 billion, down 3.6% y/y and down 32.0% q/q

  • Hotel revenue in 1Q22 reached EGP260.6 million, up 173.7% y/y and down 23.4% q/q

  • Net profit in 1Q22 increased 2.7% y/y and 377.9% q/q to EGP420.1 million

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